News does not matter, it never has. News is transitory, and often matched to the curves after the fact.
If the market is positive, it will find an excuse to rise.
If it is negative, it will find an excuse to fall.
If it is neutral but volatile, it will spike up and down, returningto a rough equilibrium.
That's why bitcoin is not a short-term game.
It's a long game, the longer the better; because as with compound interest, the gains over time are multiplicative.
If you're looking at $BTC over time frames of less than half a decade, you're doing it wrong.
The only important trendline is the entire history of BTC, and that story requires no explanation.
If the market is positive, it will find an excuse to rise.
If it is negative, it will find an excuse to fall.
If it is neutral but volatile, it will spike up and down, returningto a rough equilibrium.
That's why bitcoin is not a short-term game.
It's a long game, the longer the better; because as with compound interest, the gains over time are multiplicative.
If you're looking at $BTC over time frames of less than half a decade, you're doing it wrong.
The only important trendline is the entire history of BTC, and that story requires no explanation.