Factor behind the rise and fall of Bitcoin price

[YUriy1991]

The market situation in the past 2 days has been less enthusiastic and what you said about market conditions like yesterday is indeed a big question mark for all crypto lovers. Yes. The market was crawling again to go up and was hit by a strong dump, so that the market was corrected again. Now, for the price of BTC, things like this are heavily influenced by the law of supply and demand, although many relate it to reasons A and B are the causes. if we correlate BTC, it will go up because there is a lot of demand, so the price of BTC will go up and it will be corrected if there is a big sell-off from both Sang Elon and others.

[letteredhub]

Good day my fellow Bitcointalk members, i have been longing to ask this question, so I decided to come to you guys to learn from your wisdom rather than having a random online search which seem confusing most times.
Please I want to know the factor behind the rise and fall of Bitcoin price?
Some say its influenced by supply and demand but I need more conviction.

Thanks in advance guys.

Bitcoin is mostly influenced by supply and demand in the market but there are other factors that also contributes to the changes in bitcoin price and the news is one of such. When news fly's around about a sudden occurrence in the market such news wether good or bad does influence the actions and inactions of traders therefore affecting bitcoin price to either rise or fall depending....  And these news causes quite a lot of fear, uncertainty and doubt among traders which could lead to making wrong market decisions.

[pakhitheboss]

I have seen such kind of topics coming up whenever there is big dip on Bitcoin price. You won't see such topics when Bitcoin creates an ATH  . The irony here is that people become so ignorant & dumb that they forget the cycle of the market, which is when price goes up it will also go down. With Bitcoin it is hard to predict the price point as in none of us can tell when will Bitcoin go up and upto what price point and vice a versa. Rather asking such question on the forum people can do a simple search on Google to get answers.

[mamesso]

The effects of events that occur outside the market will greatly affect demand and supply, for example positive or negative news that has been spread recently, the effect goes directly to the market with demand and supply which can change prices increasingly in an instant. Other effects only complement the situation that occurs in the market, market sentiment or market manipulation will end in supply and demand.
The explanation of the causes of the rise and fall of Bitcoin is based on demand and supply, this condition is a relay from other factors that can affect market activity.

[Sim_card]

OP, you have answered your own question that it is demand and supply that affects the price of bitcoin. Other forum members have explained to you some points to show you how demand and supply affects bitcoin. This is normal with a product that when the demand for the product is high,the quantity of product will be low to meet up with the demand and producers will increase the price. Likewise bitcoin when bitcoin is limited in supply and the demand becomes high,this will push up the price of bitcoin up. But when we have FUD out there by government or social media on bitcoin, this will make so many investors panic and sell their bitcoin. There will be a lot of people selling off and no one wants to buy,this will bring down the price of bitcoin. Whales can also be bad actors that influence the demand and supply in bitcoin.