The general situation in the world economy. Falling stock indices on the largest exchanges leads to a decrease in the price of bitcoin.
The aggravation of international politics also negatively affects the price of bitcoin.
The sale and withdrawal of a significant number of bitcoins in fiat leads to a decrease in its rate.
what you are saying is very true that many factors can change anything therefore until now no one can predict with certainty the price and development of cryptocurrencies may be factors and risks can be related to investment in cryptocurrencies
Thats right, there are many factors and many aspects that affect bitcoin and crypto markets, so the analysis sometimes does not fit your expectations because you only do research just on a few of aspects, while there are many things that you must analyze in the bitcoin market..
Of course, we can only analyze a percentage of the crypto market and its trend while the other part of the percentage goes unaware because the market is unpredictable irrespective of the knowledge about the factors that can trigger a bear or bull market. However, one accurate prediction about the market is that Bitcoin always recover.
Yes, its true that there are many factors to consider in order to gain good profit in crypto market amd I believe that strategy and technique alone is not enough because as the matter of fact that it is decentralized and even the most prediction cannot guarantee for decentralized system is dependent for the movement of market affected by all people in crypto world.
in addition to techniques and analysis, we must consider the news that occurs or will occur, so that it can support the technical analysis that has been made. news often influences one's thinking to take massive action
