So the big question remains:
Is BTC still mainly driven by trader activity and technical patterns, or are we seeing a shift where global fundamental events - like wars and diplomacy - are steering the market?
Well IMO both trader activity and global events are linked with general market
movements.
We also got to remember the Bitcoin market is open 24/7/365 and to anyone with
$10 or $100,000 and this adds to the way the market can move when something
big globally happens.
The market has already moved up to $105,000 in conjunction with the Israel/Iran ceasefire.