In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa
The price of the bitcoin is base on the supply and the demand in the cryptocurrency market. I can say that the price of the bitcoin is predictable through the use of technical analysis. There are a lot of tools that we can use in order to predict the price of the bitcoin.