Quote from: Agbe on Today at 04:15:47 PM

Quote from: Loque on January 17, 2025, 01:28:30 PM

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Bitcoin is a volatile digital currency and it fluctuate at any second so the matter someone study the movement, he or she can't get the accurate information on the rising and falling price of bitcoin. And what you have to know is that, bitcoin has two seasons. Bear Market season and Bull Market Season. And we have been on the rise since November 2023 and now it is above $104+k. And we don't know what price the bear market will be and that is an another prediction on it own. If you are investing then you don't have to look for the dip or the rise but DCA is good for you. And if you are trading, use the movement of the candlesticks, line and bars to check the movement, there are other tools but o don't know your comprehensive ability so you can go with that for the start.

The simple answer that can be said is that price is determined by supply and demand. When demand for bitcoin is higher than supply - then it is likely that bitcoin will rise, while conversely, the price will fall if the supply is higher than demand. Massive selling can cause prices to drop drastically - of course this is caused by an imbalance between supply and demand. The same thing also applies during large-scale buying - prices will rise drastically due to an imbalance in supply and demand.