An important question in which it is worthwhile to understand: what exactly has such a significant effect on the growth or decrease of bitcoin, and also: is bitcoin capable of meeting the requirements of the present time better than other crypto currency? The answers to these questions will determine whether he will remain a leader or give way to other crypto-currencies
Actually, the sudden decrease and increase of bitcoin are due to its investors. If BIG investors panic sells their BTC we will see a sudden DIP of the price. When BIG Investors buys BTC an increase will be expected. Actually, at this time BTC is not coping up with the recent amount of demand.