Who are know the actual reason of bitcoin price? How can i predict about bitcoin pricing high or low?
The current reason why bitcoin price increase is due to the adoption of Bitcoin in Japan. There is a thought that Japanese are having a fomo right now because of the current acceptance of Japanese government plus the removal of consumption tax to Bitcoin. There is also some new about major company in Japan moving in to join Bitcoin economy. Aside from that, the announced SEC review on ETF decision is quite pushing the price too.
In predicting the price of bitcoin, we can have the news and certain action of big player in the industry. They are good reference for bitcoin price movement.
I guess thats one of the reason why the butcoin price increase with that adoptation it can increase the bitcoin users in japan in a high rate and can cause for the bitcoin demad to go up also thebbitcoin price depend in supply and demand of the bitcoin in mining and users.