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.
On which this do shows that the recent war didnt made out such much effect into the price or crypto market. Yes, we did made out some price decrease but its not something that you can be able to connect it out.
It is just that like an ordinary day movement on which we can be able to tell that fundamentals and news doesnt always give out such impact and thats not something new. Its not bad to assume since War is indeed a very significant thing that could affect out economic conditions on which this could be seen into the past on which affecting out those traditional markets but we do know that crypto market isnt something that we can say that it would be always having that kind of impact specially if there would be some situations such as this. It could moved out randomly without any valid reason behind and just like on the recent events on which the entire crypto community had been that expecting that it will be taking up some dive but it didnt happen on which this do simply shows that not all the time it will be giving out that kind of effect and thats normal.