Given five years of data on bitcoin prices I think it is a false flag to think any macroeconomic force correlates to bitcoin. Bitcoin is centralized enough, and

Given five years of data on bitcoin prices I think it is a false flag to think any macroeconomic force correlates to bitcoin. Bitcoin is centralized enough, and independent enough, that the real motivator of bitcoin price is the whims of a handful of people who control most of the economy, whatever those whims may be. Often those whims can correlate to shockwaves in the economy or the policies of the US and China trying to stomp out miners or trading but fundamentally they aren't reflective of broad market ideas the way most major stocks are. Bitcoin is much more centralized than traded stocks because its economy is so small and the barrier to entry so high. People keep trying to find the trends in bitcoin, but the active pursuit of trends is what motivates the dominant whales to avoid being predictable.