The market is undoubtedly due to the Law of Supply and Demand, but there are other aspects to consider, such as the study of the volume, the shape of the chart, varies according to the criteria of each analyst.

In my particular case, I analyze the market with Wyckoff's theory, and following some of Jesse Livermore's teachings and model, the Bitcoin market is applicable to all types of models, but to simplify, there is a lot of intrinsic information in volume