which makes a factor of the increase in bitcoin prices may be due to good news and maybe also because of the higher demand that can make prices expensive and experience price increases.
I'm sure the mindset of bitcoin users today has developed and matured, so they aren't always affected by media coverage. And in my opinion, the increase in the price of bitcoin at that time was caused by the existence of buying action which was large in a number of markets. This thing of course can trigger high demand. In each transaction activity surely there will be two aspects that are interconnected, among others namely demand and supply. Requests and offers will meet each other and will form a meeting point in unit prices.
In my opinion peoples trust, high demand, high investment capital and the general use of bitcoin are the factors that cause growth in bitcoin price. if there is no demand for bitcoin how the price will go up? If people are not interested in bitcoin and they want to invest their money in Altcoin, the bitcoin price will never increase. So it is mandatory that more and more people will to put their money in bitcoin.