Can someone explain categorically while the price of cryptocurrencies especially bitcoin is not constant, because I begin to wonder the reasons behind the secret of bitcoin falling and raising.
There is no secret actually behind the fall and rise of the price of bitcoins but it is all based on how market behaves to certain moves and how investors read the market because like recently around March the price dropped which I believe was because of the pandemic and the crisis being created throughout the world that we might see the end of the world and aided by the facts that the share market crashed so people had to sell off their digital assets like bitcoins to make sure they don't loose their money in the share market.
This was just one situation so there happen many tiny incidents which lead to small and large fluctuations of price and some we are able to identify while some we are not and the trader who is able to read the market deeper understands and predicts which way the market will move.
