Do technical analysis patterns (e.g., head and shoulders, Fibonacci retracements) reliably predict Bitcoin's price?

To explain the volatility of the Bitcoin price, a total of 23 elements from four domains (Bitcoin-related indicators, financial market, exchange rates and ... Oct 5, 2023 ... Cryptos get their value based on community involvement. This may include demand for the coin, its utility and scarcity. Dec 2, 2024 ... While market sentiment and institutional investors influence Bitcoin's price, other global economic factors, such as currency decline, ... Aug 29, 2019 ... Energy price is linked to the cost-based pricing theory and volume growth to technical analysis. The results show that volume growth, S&P 500 ... Jordan Bass is the Head of Tax Strategy at CoinLedger, a certified public accountant, and a tax attorney specializing in digital assets. Griffin and Shams (2020) examine the impact of market manipulation on Bitcoin prices and returns, focusing on Bitcoin that is purchased via the stablecoin. Hash rate is affected by the price of bitcoin because, today, miners are not willing to work for free. In the long term, miners could potentially be ... What Determines the Value of Bitcoin? · Limited supply · Demand and market sentiment · Medium of exchange · Store of value. Bitcoin's economics appears to drive the exchange rate · Its supply is perfectly inelastic. No matter how high or low the price, the supply will follow the path ... One of possible drivers of the Bitcoin price is its popularity. Simply put, increasing interest in the currency, connected with a simple way of actually ...