Crypto is a highly volatile asset with no real logic. I recently read a report about how it is currently reacting differently, basically talking about what it used to react to and what it focuses on now (liquidity and all that). But it mostly seems like made up excuses to try and comfort themselves and others, that somehow there is method in the madness.
It is obvious that no one really knows why it moves up or down and can only make guesses. Without proper regulations, it can easily be manipulated, and I believe that if someone can empathetically tell you how it is going to go in the short, medium or long term, they are giving you a load of the freshest BS.
As always, do your due diligence, invest in it if you can afford to have it go sideways.