Hello readers of bitcointalk, Some years ago the price of Bitcoin could be well predicted and followed by small retail traders but since bitcoin gains it most recent highest awareness in 2017 and made a record surge in price from $1000 to $19,900/$20,000 in exchange, followed by over 50% correction in price it has become very difficult for major players to predict the price of Bitcoin.
Regardless of the continuous increasing awareness of the use of bitcoin with daily increasing demand for bitcoin, its price since the correction in January 2018 has not been seen above $20,000. Personally from general speaking and my own awareness of the market as an hedge fund manager. i would say that the price of Bitcoin is under institution (In this case institutions are Exchange) manipulation base on the following reasons.
1, They control huge volume of Bitcoin in daily exchange
2, They set the major Limit and Stop orders in Bitcoin price hence they set the Bid and the Ask.
I will like to know if you agree with me and what impact you think price manipulation may have in the price of bitcoin in future.
