The news is usually the excuse!
In fact, in this case, BTC rallied almost 300 points after the news hit, and then dramatically reversed, so, initially people were saying the SegWit2x cancelation was good, and then, a couple of hours later, everyone was saying it was bad. https://steemit.com/bitcoin/@kingscrown/segwitx2-cancelled-it-seems What do we have to rely on then? Was it good? Bad? I'll let everyone else argue that and I'll just stick with the charts! 😁
@cryptographic agreed! One thing are the charts and the other are the news that can be much easier manipulated, and depending who mentions the news are people who believe on it and other don't. upvoted your comment. @gold84