News are just propelling the sentiment forward.
Usually with some real stuff going in the background 

You ain't overthinking it, because I have seen exactly what you mean due to my own observation of the market trend, yet someone was praying that the price of Bitcoin should drop to enable him take advantage and acquire some Bitcoin because it would obviously be cheaper.

Besides the Bitcoin strategic reserve that is set to include XRP, SOL and ADA, it is just number one in the list of things to do as president now, mostly as it regards the economy and induction of cryptocurrency as a legal tender into the country, U.S. 
The President with the backings of the White House of course,is also set to host the first ever crypto summit in the by March 7th.
So we might just expect the price of BTC to increase further while other cryptos do well due to the positive presence of President Trump and his advocacy for crypto currency.

Trump can't really dictate the market however what is happening here is that he wield great influence as the president of US, so what whatever he says right now will impact crypto currency in either positive or negative way depending on his speech.when he made mention of making some crypto currency part of US reserves, the price of bitcoin skyrocket and also that of etherium.Though even without his influence bitcoin would have still come up to the recent price and above because bitcoin has proven to be a potential coin over the years without any single man dictating it's price.

100% you’re right and this is what happening right now. Many overlooked on what they did on his Trump coin and Melania coin that both becomes pump and dump scheme while they profited a lot by taking profit using investors money as exit liquidity.

And now that they are done on their meme coin, he is pumping all the altcoins that he purchased before through his tweets that related to crypto using his power as president of US.

This is the most powerful market manipulation which no one can stop.

maybe it's more about manipulation than dictating. because he issued a decision to impose high tariffs on 3 countries, which caused the price of bitcoin to drop. and then he just issued a statement to create crypto reserves and caused the price of bitcoin to increase. these events can be linked to bitcoin price manipulation. although some people say that this is a natural thing in the bitcoin market, but we can't separate it from trump's decision which seems to affect the price of bitcoin.

you do know that bitcoins 2021 ATH was due to bitcoin economics of the post halving cycle reaction. when miners whom have a 12-18-24month mining rig lifecycle cost they have to reassess, and their electric contracts, result in a ATH a year and a half after the halving on average due to them not wanting to sell at a lower price due to the shift in cost economics

if you think bitcoin has no underlying cost bases of economics and is just a charade of social drama speculation.. then you dont understand bitcoin economics
yes social drama can change  price. but thats just some temporal wiggle that retracts back.

again the dump recently was not tariff social drama.. but actual bitcoin effect of a hack and movement of funds.

if the only notifications you get are trump related.. so you infer any notification you get and then seeing a price change must mean cause-effect.. then please realise your limited notification list is the problem. your limited knowledge of other bitcoin economic factors at play is the problem

oh as for 2021
wasnt the social drama queen newbie emotional army of influence loving traders trying to say that the 2021ATH was due purely because elon announced he bought bitcoin from february 2021 and how people can buy a tesla car with bitcoin in march 2021"it triggered the bull" nonsense

kinda funny that people(like you) then said the 2021ATH was purely elsalvador

even though people in 2013 predicted a ATH in 2017 due to a year after halving(2016+1)
even though people in 2013 predicted a ATH in 2021 due to a year after halving(2020+1)

and heck ill say it now
even without knowing what tweet or social post will say.. there will be a ATH event in 2029

and we have yet to see 2025's proper ATH, and its not due until q3-q4 2025
and no i didnt get my info from some social drama queen on social media.

It's not entirely up to him but it's one of the factors that causes the market to go up and down.
For some reason my mind is drawn to the Bitcoin market going up and down. If the nature of Bitcoin cannot be controlled by anyone but regarding the price, I go back to the law of supply and demand. It's possible for someone with money and power to play the market.

I also thought the same. I mean, who wouldn't think this way, seeing that every time Trump makes a public statement concerning Bitcoin, the market reacts? People call it manipulation, and I keep asking myself why investors and traders keep allowing themselves to be manipulated by the big guys. The rate at which the market reacts is usually so sudden and quick. We are putting too much emotion into this, making impulsive decisions at the slightest news, and all of this impacts Bitcoin's price, which in turn affects us, the investors.

If we continue to react to every news this way, we would definitely be selling ourselves into the hands of these big guys to manipulate us as much as they want. With the way things are going, yes, Trump has some influence over the market.

Like it or not, he has an influence to the market.

But don't forget that they're traders? traders are looking for short term gains, hence they don't mind to buy and sell based on the current news.

Trump might manipulate the market, but some people are getting this as their benefit because they can more than what they should be. Imagine if someone bought Cardano when the price was $0.6 and after a day the price rose to $1.1, you're almost double your money less than 24 hours.

It's a valid observation that's looking at us so glaring in the face. From the reaction of Bitcoin in the lead-up to his inauguration and how far Bitcoin went after his inaugural speech to this current pump after the strategic reserve option seems to be more realistic, it says a lot about Trump's ability to manipulate the market if he stands as the most influential Bitcoin whale in the future

Even in other sectors that are outside of Bitcoin, the United States' internal policy tends to have a ripple effect across nations which tells how powerful the United State is in global affairs. As a positive statement is getting Bitcoin on a bullish part, the implication is that the reverse can be the case which can lead to a dump at some point. Again, we can't really tell the intention of Trump towards crypto and whether he's genuinely a Bitcoin enthusiast who's in for the full-scale adoption of Bitcoin or just trying to jump in, get some profit, and zoom off. If the latter is the case, his ability to manipulate the market will pose a threat to Bitcoin investors though the extent of the threat won't be too significant.