Price fluctuation with bitcoin is a common factor, but what an user needs to focus is the end result. Here with bitcoin after price fluctuation gradually the price moves forward towards growth than going downwards. Based on the fact the fluctuating feature is the one that makes bitcoin more of a potential asset.
The price fluctuations in the bitcoin is caused due to their increase and decrease in demand in the world wide.We knows the bitcoin is a limited amount so the availability is less when compared to usd or gold so when someone buy or sell bitcoin it makes effects in the total bitcoin which is the reason for fluctuations in bitcoin.
The chart shows that there is a great demand for bitcoin that is why its price have fluctuated upward making it reach $6200. Instead of questioning the volatility of the coin causing its market price to increase or to decrease we should just be thankful. After all this is what we are all wishing, for bitcoin value to continue increasing, because it will benefit us all especially our holdings.
And also there's a greater chance that there's a lot of users out there who were just holding their bitcoin. That's why the price is getting too expensive for the investors to invest. If i would be them i would still hodl my coins since we are not in the bubble yet but i also wonder, what if the bubble's burst? Are they going to panic selling due to the sudden down of the price? And this is why the fluctuation of bitcoin is unstable due to buy/sell activities of the traders.