I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.
Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
Agree, keep also in mind emotional factor which is not taken into consideration often.
Snowball effect because too many decided to sell on a whim could be most random price ride downhill ever.
Same thing happening in bubbles. More interest than usual getting media attention fueling price sky-rocketing.
Can't predict that.