like somebody already said> news follow price, not the other way around.
totally agreed
so ..on the 5th BTC is @ 1153. the news dropped that day or Wedneday morning and then we on Friday a whale dump happened.. are you saying that.. the whale saw that coming and were always planning to dump Friday.
The downtrend was there. The news caused a bigger crash.
That logic means.. the price followed news.. I know it was trending down.. but that doesn't mean it just goes and corrects anyway .. the news and speculators pushed it down. I am not saying news pushes prices always.. but in panic sells I would say its a large part of the momentum.