Then lastly, For bitcoin price it doesn't work that way if you think of the demand currently the bitcoin total supply is extremely low yet the price dropped to $18k from it previous of $68k. Now tell me was it the low demands or higher supply that causes it?
No, because if i may get it correctly is a season that remains constant that can not be changed in the cryptocurrency market at large that effectualized the trading circle.
Any of you may correct me if i am wrong, although what you said only works in some cases but not with bitcoin entirely
Although there’s is the bitcoin cycle but Demand definitely affects its price and the supply isn’t low because it is at 19.3million today and that isn’t far from the total supply of 21 million. Once the halving period is passed and bitcoin surpasses a previous all time high, many of the investors usually sell of their holdings or profits and this in turn results to the downtrend of the price.