Bitcoin never "needed" news to go up, this is a "all thumbs are fingers but not all fingers are thumbs" type of situation where a great news would make it go up of course but it could go up without a great news as well, it is not a must and that is what we had on that recent run.
This doesn't mean that great news like tesla buying, microstrategy buying or something becoming more relax in regulations etc etc whatever good news is would be bad for us, I would love to hear Apple buying 5 billion dollars worth of bitcoin for example, not saying that would happen but if it were to happen that would be amazing and increase the price insanely high, probably closer to 70k as well. However just because that would be awesome doesn't mean that the price will go back to 10k unless Apple buys bitcoin, it doesn't work like that and we should not be making that a must neither.
True!
It is just simply a part of it where news and fundamentals does give out some significant impact in the market.There are lots of things that do happen behind without even us knowing on whats actually in the process.
Matter most with simple supply and demand when we do talk about moving prices because thats how the market works.If you are a trader or investors that do heavily rely with fundamental analysis then it is somewhat hard
to make out some positions because not all the times we are really seeing news and events.
Ex. Paypal acceptance, Elon Musk tweets and Tesla purchase etc.
These are things that you cant read up on everyday basis.This is why when the times where market is quite around then you dont have any options but
to stick out with technicals.