^There are too many factors that affect the BTC price.
Big news either positive or negative will somehow have an impact on the BTC price same as on FTX bankruptcy and the drama of Binance that creates FUD for the people which has an impact on the BTC price. These are some examples that we consider, fundamental analysis somehow is a good strategy for looking after the market when it comes to predicting the price. Though BTC is a very volatile price bit still it can be influenced by the price in different big events.