What do you think about yourself? Why you are insulting me?
Bitcoin price was nearly 1,300$/BTC at the beginning of this month and it was over 1,050$/BTC a few days ago.
Although I have also noticed that bitcoin price is increasing now. I want to know that if the price cross it's highest price and it will grow up to 2,000$/BTC. You don't understand my questions clearly but are insulting me
well, it didn't meant to be an insult, i apologize if my comments seems that way.
but you have to accept that when you see someone saying "price decreased" right after it in fact has gone up 70 to 90 dollars, things are a bit weird with that kind of question!
anyways let me explain more:
fluctuation is a perfectly normal thing in any market.with bitcoin, these changes are bigger because the market is much smaller than something like gold.
in the above picture which is showing the past 2 years (the major events are visible) you can clearly see these fluctuations.
sometimes it is small like the Feb and Apr of 2015 and Sep and Nov 2016
and sometimes they are bigger like June 2016 or the recent one in Jan and early Mar of 2017.
the reason for overall rise is that bitcoin is being adopted more and more every day and it has an increasing demand while the supply is fixed, and when people buy more bitcoin price rises in long term.
in short term however, when there is a news or some lies also known as FUD, price can fall. for example the recent one cause by a split FUD. the other big drop you see around 450ish was because of a butthurd called Mark Hearn.
the sudden rises are also sometimes because of news which are exaggerated like the recent <$1300 rise because of the ETF
that is why (in my first comment) i said you should say the time frame and you should zoom out.