factors that greatly affect the price of bitcoin is the demand factor. where as more and more bitcoins are used then the price will increase and as fewer are attracted to bitcoin the price will decrease. that's why the bitcoin price always fluctuates every time.
Correct, if the demand goes high and people are buying bitcoin then it makes the price fluctuates higher. But expect that this won't last as there will be swings that will come. If bitcoin won't fluctuate or it will only move with a positive line, it won't be the best coin of all.
And this volatility made bitcoin lucrative than ever and this is what gives people some thrill and chill. Well I guess nobody wants a stagnant price like it will be boring tho as gold and there's nothing tangible that czn gives us a profit within a year.
Btw, fuds is also a factor however this is being use by whales to manipulate the price.