Bitcoin is still seen and used as widely as a speculative asset most people are buying it because they think
it's going to appreciate in the future or they're and they're not transacting with it in their daily lives they're holding it for the long term and because of that type of price speculation, there's a lot of people, especially day traders who use tools or use what's happening on futures markets to determine the sentiment of where the price is going to go everyone wants to have a crystal ball of what the future price of anything is going to be and futures prices you know the last Friday of every month is always volatile because that's when the futures expire and people are basing what's going to happen in the next month on
that particular day so on the short term.
it can affect the price of bitcoin?
As long as buying and selling continue, there is a good chance that the market price of bitcoin will rise. Just believe the more people are selling off their Bitcoin investments, more are people also are also buying to invest in Bitcoin. Therefore, if a lot of people with hug amount of Bitcoin in their wallets decided to sell it off, the market price would change, which will lead to lower price of Bitcoin, and if businesses or someone else decided to acquire a hug of Bitcoin, which will also lead to high price of Bitcoin, for sure. In the same way that everyone is focused on 2024 and many people are preparing to invest Bitcoin because they think there will be a scarcity of Bitcoin and there will be high in price according to analysis, if more nations and people can adopt Bitcoin their will be increase in price of Bitcoin and Bitcoin price will do more than our expectations doing that 2024 to 2025.
So the Bitcoin price is lovely determined by level of adoption. The people are investing Bitcoin the more price will continue to they high. So probability that the price of Bitcoin will appreciate in future.