At $400 BTC needs about $1.2M per day of new money just to maintain the price (and "per day" includes all weekends and holidays around the globe!)
Yes, thats why its been in a downtrend for 12 months.
Is there a really stable organic fiat inflow into bitcoin of this magnitude? I highly doubt. Wait a few weeks and the downtrend will resume.
I believe there is (at this 400 level). Things have turned and they are now going to hype it up into a new bubble. The massive money inflow will be able to absorb the mining coins for a while.
Of course, after that occurs and the price is a lot higher, as soon as the incoming money dries up the mining coins will keep coming, and it will cause another bear market.
This is just the nature of the bitcoin cycle.