Quote from: Joshonwill on November 13, 2019, 01:33:37 PM

Bitcoin has effectively figured out how to hold a large portion of its obtained additions when the day's exchanging began, be that as it may, Bears came into difficulty with the increase when Bitcoin plunged down to the $8571.50 mark subsequent to breaking the help at $9000.This run initiated long liquidations to the whole of $31 Million. This invited back unpredictability of Bitcoin which was accused as the reason for the loss of about $89.06 Million for the merchants during this unexpected swing.

News Source: TheCoinRepublic

Bitcoin is daily having a ~4% rise and fall in price. And today's price is quite similar to what was a 5 months ago and a 3 fortnights ago.
Bitcoin has an unstable price. People may argue or analyse it in many way but no one can be right everytime and the ones are right mostly due to luck.