If it turns out to be a single correction then, yes, you could say that the news was correlating with the existing cycle.
After the close on Friday, bitcoin sold off a little below $103k after the Moody's downgrade news but quickly recovered above $103k and has stayed there most of Saturday I don't think it's mstr buying, they usually buy during the week, we will see the announcement on the price they got on Monday morning I think the fact that bitcoin is trading 24/7/365 and is showing strength during the news, it is the only safe haven risk-off asset people can go to on the weekend when most of the markets are closed Plus, there's some kind of failed treasury auction recently that the Fed had to take action on, not-qe money-printing good for bitcoin
BTC price to $116K next? Bitcoin trader sees 'early week' all-time high https://cointelegraph.com/news/bitcoin-due-116k-next-trader-early-week-all-time-highs
So Josh Man used to work at Salomon. They were convicted of defrauding the Government - basically skimming off the top of the Treasury Auction business. Buffet had come in to save the company. He fired Guttfreund and all the executives that destroyed the company. The book Liar's Poker is a good read to understand Salomon Brothers culture in the late 1970s & early 1980s before the fraud. By the way Salomon Brother's are really the company that popularized the CMO business -- Collateralized Mortgage Obligations. A predecessor to the now disgraced CDO market.
This 1 Catalyst Could Send Bitcoin Skyrocketing Higher, According to Silicon Valley Billionaire Tim Draper https://finance.yahoo.com/news/1-catalyst-could-send-bitcoin-100000640.html
I told you guys.. you get excited all the time. It's just a matter of waiting to see if it does a single or double correction... It's not news dependent. Statistically it should do a double so that's what I'm waiting for... Got to load up some more ETFs.