What factors can affect to price of bitcoin? Can price of bitcoin depend on world economic factors or economic occurrences?
Demand and supply are the two major factors that affects the price of bitcoin. The supply is a passively factor while the number of demand is caused by the loss of interests and negative news of the people. Those investors doubt their decision because of negative feedbacks about bitcoin and make panics to the people which will lead to them to sell their bitcoin to cut the possible losses they may have.