Sort:  

Price behavior in technology auctions

We are not talking about the behaviour of price. Price can not behave. Humans do.
All human beings operate on the same mental matrix.

Only operates the demand and price of bitcoin

Only operates humans, and their cycle of greed and fear.

Metaphorically. Only the demand and the price of bitcoin are INVOLVED.
Greed and fear in the markets lack a pattern when there are few objective references

Only the demand and the price of bitcoin are INVOLVED.

The price is derived from the demand.
The demand is derived from greed and fear.

So greed and fear are blind to demand and price. And nothing changes as long as the emotions don't make waves.
Have you ever sold anything?

greed and fear are blind to demand and price

no