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?
I think the most influential factor that can makes its price to fall down so hard is adoption and when no more people become interested bitcoin would lose its value..since there were be no more investors would invest in bitcoin..but for now these seems to be very impossible due to its undying demand that makes its value unreachable by any other coins in the coinmarket cap.