At the beginning of this year, Tesla announced that it would accept Bitcoin as a payment for car purchases, and the price of Bitcoin has skyrocketed as a result. In May, after Musk announced that Tesla would no longer accept Bitcoin as a payment option due to environmental concerns, the price of Bitcoin began to dive. At the beginning of July, Musk said that Tesla would resume accepting Bitcoin in the future. Last week, Amazon issued a message to recruit people in charge of digital currency and blockchain products, which aroused people's attention. Therefore, many people would think these news caused changes in the price of Bitcoin.
Trendlines act as support and resistance levels once widely recognized by traders, creating either a floor for price-action recovery or a ceiling for downward momentum to resume.
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.
Much like the saying "a stock does not know who owns it" - you're right that Bitcoin will not change based on the short term desires of new owners or people who think they might be able to tell which way the wind is blowing tomorrow. We've seen that it is a heavily erratic asset but I would actually disagree with the title of this thread. On a macro scale, the fact that companies like Amazon and Tesla hint at accepting payment in a certain format is bound to give credibility to Bitcoin. Amazon is the biggest online retailer (outside of China) and if people see that it favors certain payment methods that they can invest in - the masses will flock to it. Some people might have little faith in Bitcoin but a big name like Amazon lends it a huge reputation boost if there is even a hint of "endorsement".