Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.
Bitcoin price is controlled by supply and demand, obviously, it is controlled by the action of people setting up buy demands and sell pressures. It is known that people who wanted to cash out (those who convert Bitcoin to fiat currency) add on the selling pressure making the price of Bitcoin to plummet depending on how huge the sell pressure is. On the contrary, those who add on the buy demand eat out resistance which makes the price of Bitcoin uptrend. Though there are cases where the condition of markets is affected by bots, still these bots are set up by people according to their likings.
Regulations are set up by the government but it is only in effect on Bitcoin usage and acceptance. Bitcoin is a free market and there is no regulatory board that controls its market flow. This is one reason why Bitcoin sometimes is subject to pump and dump when whales decided to either sell their holdings or scoop more Bitcoins for keeping.