Right. Indeed, the bitcoin price correction that occurred in the last few weeks was overshadowed by global sentiment related to geopolitical conditions between Russia and Ukraine, plus the threat of an interest rate hike by the FED which caused bitcoin prices to fall. Even though the price is starting to rise, I predict the bitcoin price will not pass the ATH level last year.
I'd say that bitcoin rates are still not strongly connected with what is happening out. Yes, of course everything affects everything, but bitcoin's rate is still highly manipulated and only whales do decide if to use some information occasion to start a bear trend or to use the same information occasion to start a bull trend. It doesn't matter which are economy news at the moment, you can easily explain how do they work on growing the rate and how on lowing it, at the same time, but the trend is just one way anyhow.
