Hi, I always try to understand the science of bitcoin. But stuck in one point from last few days. I really wonder that what are the factors that have high impact on bitcoin price or its movement. Your brief will be much appreciated.
There are so many factors that can influence the price movement of Bitcoin, in fact that a large majority of Bitcoin prices are demand factors. When more and more people need Bitcoin, the price of Bitcoin will increase and vice versa, when the more people start leaving Bitcoin, the price will decrease. This is a scheme that is certain and cannot be denied that the support of all of us will determine the direction and future of Bitcoin in the global market.