Some Factors That Determine Prices of bitcoin

[Adbitco]

There are many reasons why bitcoin and other coins price is where it is. When the price either directly or indirectly influence the marketcap the price either rises or fall like the current situation. These are factors that influence the price; source: Crypto Update

2. Total Supply of the coin
4. Circulating Supply:

Why include supply and circulating supply of bitcoin? What matters is just the circulating supply. Although it is good to let people know how bitcoin has a limited supply.

Then lastly, For bitcoin price it doesn't work that way if you think of the demand currently the bitcoin total supply is extremely low yet the price dropped to $18k from it previous of $68k. Now tell me was it the low demands or higher supply that causes it?
No, because if i may get it correctly is a season that remains constant that can not be changed in the cryptocurrency market at large that effectualized the trading circle.
Any of you may correct me if i am wrong, although what you said only works in some cases but not with bitcoin entirely

The higher the demand the higher the price is what the OP is talking which I see it to be very correct. When the price of bitcoin decreased from all-time-high to a lower price, it was because more people were selling than those that were buying and the price of bitcoin fall. But I will say that OP discussion about supply is not that accurate because how the price of bitcoin is increasing but which is more responsible by demand not supply. Although supply is also important as the OP included it in the price calculation and as it is limited and there is circulating supply of bitcoin.

Usually I know is absolutely correct but sometimes we need to check out somethings, in some cases bitcoin only obeys the bearish and bull trends. People have been utilizing that opportunity to buy and hold and practically we knew is the cause of low demand which resulted from holders selling off their bitcoin and those who have been waiting for the price to drop and they used such medium to hold more.
The only thing I was trying to correct was about the supply, we know it has limited supply and for that the price will soar without any resistance but if that happens it doesn't really obey the trading circle so it's a must it will go up and down which likely being driven by news.

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[majeed]

There are many reasons why bitcoin and other coins price is where it is. When the price either directly or indirectly influence the marketcap the price either rises or fall like the current situation. These are factors that influence the price; source: Crypto Update
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Navigating the crypto market can be a bit of a maze, amirite? You got the right idea though, fam. A coin's price is hella influenced by its demand, and even its total supply. Those "shit coins" don't usually hold their value, ya feel me? But, you gotta keep in mind that the market capitalization is also super important, especially with Bitcoin's crazy surge in popularity. And, don't forget about the circulating supply of the coins up for grabs, that's a big player in the game of price fluctuations. If you do your due diligence, you can definitely make some smart investments in this complicated space, ya dig?

[Mate2237]

To some ways those might be real but not facts. We, if not all know some of the reasons why the price of bitcoin is flustrating. As you said the demand is one of the factors that cause the bull market. And if the supply is high then the price of bitcoin will come down again. These are the two major factors that affect the price of bitcoin, but from what I discovered, p2p can also inflate their price base on the general market. As it is said by others, the price of bitcoin is unpredictable and can not be predicted.

[Sim_card]

 So many factors can affect the price of bitcoin,nobody has said about FUD,which is very dangerous to the adoption of bitcoin by citizens. The massive adoption of bitcoin will make bitcoin price go bullish,in the sense that due to limited supply of bitcoin. Therefore,making the demand of bitcoin to be high.
Bitcoin is known to be historical in nature based on past event,meaning there must be a bearish market. Economy challenges and some unforseen force can also play a negative part on bitcoin price.

[lionheart78]

So many factors can affect the price of bitcoin,nobody has said about FUD,which is very dangerous to the adoption of bitcoin by citizens. The massive adoption of bitcoin will make bitcoin price go bullish,in the sense that due to limited supply of bitcoin. Therefore,making the demand of bitcoin to be high.
Bitcoin is known to be historical in nature based on past event,meaning there must be a bearish market. Economy challenges and some unforseen force can also play a negative part on bitcoin price.

Yeah, market sentiment greatly affects the price of Bitcoin, this includes FUD(Fear, Uncertainty, and Doubt) which is one of the major culprits of the Bitcoin market crash.  Manipulation such as Bitcoin hoarding, Bitcoin dump (often called pump and dump), news releases, and hidden propaganda that greatly affect the sentiment and trading of the Bitcoin market.  We can also include hype that alters the market sentiment making an artificial bullish mood in the Bitcoin market.  The regulations of the government can lead to Bitcoin acceptance or a Bitcoin ban which has a direct effect on Bitcoin adoption and repulsion.