Well, mate that's how the crypto market works, good news makes people fomo and buy more while bad news makes makes people to panick and sell, for traders they know goodnews will definitely make the price to pump so they will buy more and vice versa when it's a bad news, but for others it's fomo.
I feel like it stands a greater chance to beat it ATH this time around with more adoption taking place,it seems like the $20,000 might be achievable by early next year, bitcoin is becoming stronger as the days go by, the other day I saw some people celebrating about 90days without dropping below $10,000 mark price the last time these happened its so 2017 and it was about 62days above $10,000.