I think the BTC price volatility is a result of many different aspects, but the main one is speculation from big players. And it is both good and bad. Good because we can gain our profit by predicting price movement. Bad because there is a high risk to lose our investment.
But any case the market is still young and we shouldn't expect any other behavior. Patience is a key.
i think it is already too lake bitcoin price i do not think that it is going to fell down anymore, i think that now the time is that bitcoin price will once again staring increasing and therefore i think that we should no waste anytime and should get benefit from the current lower price. Because bitcoin price has still too much potential and its price is therefore expecting to increase too much.
The market price of the Bitcoin this year was on the lowest state few days ago of about 5.8k dollar but right after that drop the Bitcoin improved a little and improved to 6.2k dollar. Today morning when I checked the market value it was 6k dollar but now after 15 hours the price improved to 6.1k dollar. When the demand rate increases then the price of Bitcoin will also increase in these situations.