Bitcoin is very volatile. It goes up and down at no time. But I started to think what causes its values to go down. These past few days, its prices are notably lower that last year's values. Last year, I believe, during the first few months, its prices are likewise low. Do bitcoin prices go down every January to February? Does it have a logical association?
Price is determined by supply and demand, long term supply is relatively stable so the changes are all due to falls in demand. Short term there are a variety of reasons for the recent slump:
Uncertainty over regulatory changes in South Korea and China
Bitcoin futures expire (today I believe)
Chinese lunar new year
The last one is perhaps the one that you can draw the most on in terms of a recurring pattern. The last 4 years the market has crashed a few weeks in advance of the Chinese Lunar New Year, presumably as people look to sell crypto to fund travel and expenses, it is the single biggest holiday in the world.
There are other reasons you could argue as to why the market crashes each January, other holidays like Christmas would also come in to it, as in January people are generally tight for money many may sell crypto or many may just not be in a position to buy more.
is the most influential factor of price fall with bitcoin and other crypto currency also.But I would like to add a point with the above quote,is due to the beginning the year.The price is in downtrend for the first half of the year and the price will bump at the end of the year.
Another factors is by big whales whey can manipulate the prices by dumping the other coins like what happened with BCH,now the price of bitcoin cash fell down and the whales will keep manipulating the different coins.