For bitcoin users who enter the buying and selling business or as we usually call it with bitcoin trading nor investors of course it's very important to analyze bitcoin prices. This thing's to find out when the price of bitcoin will go down to buy bitcoin, and vice versa to find out when the price of bitcoin will rise so we can sell and benefit from the difference in value. Bitcoin exchange rates are volatile, which's always up and down and this's what makes many investors interested in trading bitcoin.
I want to know what you think, what affects the bitcoin price, so we can find out when to sell and buy bitcoin, because now the bitcoin price drops again
Every time we invest whether it's investing in stocks, gold, silver or cryptocurrency. Certainly never be separated from the existence of economic law, namely supply and demand. When demand is much rather than bidding, then its price will rise. But when bidding dominates rather than demand, the price will go down. In accordance with the law of supply and demand, because the amount of bitcoin's fixed/limited which's only 21.000.000 BTC while the people who want to have more and more, surely this will make the price of bitcoin will continue to rise.