Well price of btc is very volatile because of the ups and downs of bitcoin , one of the factor why bitcoin is too volatile because it's very decentralized , which means no one can control the price of bitcoin , not just any other currency for instance the currency we have like usd or pesos it's been controlled by government which they just agreed on one price.

And it's somehow a good factors that's why many people investing on bitcoin , by a chance to be a millionaire.