Green today, red tomorrow. These fluctuations are not predictable.
That's the green and red bitcoin cycle, we can't guess because this is a fluctuation, so we have to understand it.
Of course, the current rise in bitcoin price is related to the news, because as soon as start buying more than sell, the price turns green. People are afraid to keep money in banks. SVB is in ruins, the 2nd Swiss bank (Credit Suisse) is in ruins. This may continue further and it is not known which bank will be next. Investors see all this in the news and therefore invest in btc and other cryptocurrencies.
I was referring to the news about the bank crashing so people could raise in bitcoin so the price went up despite the negative news about the bank crashing and this had a positive impact on bitcoin where we read some news about investors going into bitcoin and of course purchasing power increasing and making faster moves until now we can touch $28K+.
If there is other news that we don't know about several banks that will be destroyed, then of course a positive movement will definitely occur, banks and bitcoin will fight in different directions where we don't fully trust banks and prefer bitcoin as an asset store.