The El Salvador plan has done absolutely nothing for Bitcoin's price, so I guess the plan (which you made up) failed. BTC price swings occurs due to institutio

The El Salvador plan has done absolutely nothing for Bitcoin's price, so I guess the plan (which you made up) failed. BTC price swings occurs due to institutional buying (or selling) which are generally triggered by macro conditions. Nothing else triggers it because the market cap is too large to move on minor news. Finally, an opportunistic Bitcoin trader wants Bitcoin to go down, not up. So that they can buy more.