The "news" is designed to be a distraction for investors.
Earlier in the week, Bitcoin made some noise as the price soared 10% amid rumors of the approval of BlackRock's Spot Bitcoin ETF.
At the height of this speculation, Cointelegraph apologized, stating the rumors were false, resulting in the liquidation of $65 million BTC within minutes.
When we look at the chart, Bitcoin continues to press against the same overhead supply level it’s struggled with all year. It’s really that simple.