Can you lay out a scenario where negative news pushes the price? A scenario like Trump banning bitcoin I agree would be 'negative' but would create an incredible demand for bitcoin
First they banned the frequent trades in February - price drop a bit and then doubles.
Last news was banning crypto exchanges at all in china and you see, where we are.
Unfortunately I do not believe that bitcoin can act as a currency, because of chaos in sense of decisions about how to solve problems when bitcoin faces problems like scalability unconfirmed transaction to much energy spending for mining and more problems will appear as more people will use it.
The last example was the Segwit2x that finally being cancelled and now the mempool is full again like it was in May this year, resulting to high fees almost same price 30$ per transaction need to be paid to get it happen otherwise it ends in infinit nirvana https://blockchain.info/de/charts/mempool-size?daysAverageString=7×pan=all