While it does not have to, the markets will move where it wants to based on supply and demand. And whether we like it or not, the masses simply doesn't have the same monetary/economic ideologies as some of us here have. Most will buy and sell bitcoin for one thing, and one thing only: profits; and they will also be susceptible to fomo/panic, same as with the emotions they experience in the stock markets.
The movement of bitcoin's price depends on supply and demand like other materials that is getting traded so we need to check regularly the supply and demand of the Bitcoin in coingecko or coinmarketcap because we can compute or calculate the future price of Bitcoin if we manage to observe the pattern. Supply and demand factor is easy to understand. When the supply goes up then demand goes down and it will cause the price to go down and when supply goes down then demand goes up it will cause the price to go up. In short, demand and price is directly proportional.
Source:
https://www.investopedia.com/tech/what-determines-value-1-bitcoin/