I think news has always played an important role in determining the price movement of Bitcoin. Positive news about Bitcoin sometimes really contributes to the upswing in the market. News affects the price of Bitcoin, when we get good news about Bitcoin, investors are more interested in investing. Mainly in bear market people try to hold bitcoins inspired by news media but if similar news had come out during bull market it would have had more impact than it is now. If you look at the current time it can be seen that there is a tendency to focus a lot on global news. The popularity will increase day by day as Bitcoin is now one of the focus of the news media.
The interest of investors or new people who want to invest in Bitcoin after reading the news is still there. But for the increase that occurred since yesterday from $26K to $28K to make Bitcoin in the range of $27K as it is now, I don't think it was because of the news that was so excited, but this was based more on an increase in people willing to take the opportunity to buy Bitcoin before Bitcoin passed $30K again this year. So the drive from people still wanting to buy could also be the reason for the price increase in Bitcoin now.
There wasn't any good news that made it more likely for people to join in to be fair, I think it wasn't something like that at all. I understand that the increase made a lot of people happy, but it could also be considered as a fact that we are not seeing that much changes overall, it should not be considered as a good big profit, and it should be considered as a return that is a bit lower than expected because I wanted to see it grow even bigger.
We are up a bit now, and I bet that we are going to be up even more very soon, it happens like this, it goes up a bit first, people sell, and then goes up a lot more. I bet that 30k+ will happen during this run again, and it will be a great time, if not we will definitely see 29k+ soon.
Well of course, news can be a factor to drive price to trade higher or lower. While the recent increase might not have met some people's expectations for larger gains, it's essential to remember that crypto markets often follow a pattern of gradual increases followed by more significant jumps. This could be a part of a larger trend leading to more substantial profits down the line.
In the world of cryptocurrencies, surprises are common, and substantial gains can happen when least expected. So, it's wise to stay informed, diversify your investments, and have a clear strategy in place. So that when right opportunity comes, you're ready to risk your funds.