To be honest ,bitcoin price is being manipulated because it is still in the hands of whales that bought it very cheap.So,they can move it high or low.if you watch what happened recently ,they broke market structure by driving the price down knowing fully well that once the price goes down many noobs that don't have in depth knowledge on what crypto will sell off aggressively.
However, the whales know that many people are waiting for bull run on December, and they use that as an added advantage by working against what majority thinks.Now,noobs have ended up selling their bitcoin ,and whales have ended up accumulating. Moreover ,whales know that without manipulating the price there won't be scarcity for bitcoin.So,bitcoin is being manipulated.
On the other hand,the manipulation is going on because bitcoin has not been adopted by the masses ,and once it is adopted by masses ,they won't have the financial capacity to manipulate the price again.Even if they try to manipulate, they will get burnt in the process.
I agree with you, were are on the hands of the whales. I think the bull run is going to be on February or March