But bitcoin price fluctuations are largely affected by technical indicators rather than basic events. Bitcoin's short-term upward trend began before Amazon's job advertisement was announced, and the pace of the trend does not seem to be affected by news reports. These news will affect Bitcoin's short-term price fluctuations. In the long run, Bitcoin will not care about Amazon's recruitment information or Tesla's sentiment to cause price fluctuations.
Not exactly so. When there was a hype driven by Musk the price kept rising and remained on that level for a pretty long time, just before the bad news hit media. Price fluctuations may not be entirely caused by the media, but certain news certainly bring oil to the fire and sometimes affect price in the long term as well.