Bitcoin is the electronic cash system which is a decentralized digital currency without the central administrator or a controlling authority like bank. It can be sent or received on the network through internationally without any intermediates. Bitcoin id denoted by the symbol BTC and it has the highest value of crypto currency in the world wide.
Anyway it is very important to understand the bitcoin is not only form of currency is the payment system to verify the payments for each electronic transaction in a secured manner without the presence of central authority. Bitcoin price shows differ from of cryptocurrency exchanges and compare the coins. All of first there is belief that bitcoin have the cost price and this cost is the set of grouping of expenses on electrical energy, transaction charges and purchase or installation of software’s.
Actually, the price for the bitcoin is not fixed by its price and it is mostly estimated by the customer’s demand on the coin. It also causes the big fluctuation in the price of the bitcoin, where it has no backing and all the traders are largely depending on the bitcoin price and reproducing the unpredictability of the asset. Bitcoins market capital is nearly about 159 billion dollars which becomes the very important economical factor for the bitcoin price. Gathering information and attention for btc price chart from all financial institution of various kinds and stimulated the research behavioural factors which influences the bitcoin prices and changes occur in the range.