Bitcoin price is not fixed. The price of bitcoin has a high fluctuating structure.
Can you predict the increase or decrease in bitcoin price?
Of course, we can predict the price of bitcoin but not the exact price. That is the job of the traders to predict the price as every right prediction will result to income on their part, there is no specific information that we could use as a basis to see the right price movement but what I am basing is solely on the news that will come up, if it's good news then it will help the price increase while if it's bad the opposite will happen.
Is it only right to estimate price by following bitcoin news? So if there's good news about bitcoin, everyone thinks that the price of bitcoin will increase.
Are technical analyzes like Forex markets valid in the bitcoin market? Are there parameters that affect the price of bitcoin?
Yeah, the average person is buying the rumours of bitcoin. you must care for the bitcoin news or the rumours.
And you will always see the bitcoin price always get pumping caused by the news or rumours.