People always say that they are are waiting for the price of Bitcoin go down before they go into the market for trading and at the same time nobody can predict the market.
Now is the market been manipulated? Or it all depends on the numbers of investors who invested.
There is something we need to understand about Bitcoin.
The more the demand of Bitcoin the more the increase take place.Can anyone predict the market?
Because people are waiting for the decrease in price and are they predicting the market or not?
I don't think have a better understandingn on how Bitcoins
Whales are moving the markets. There are many early adopters that hold thousands of bitcoins. They can move the markets in whatever direction they want Big exchange owners probably also own many coins. It is the same in other non-crypto markets. Big money eats small money and gets bigger. Small money tries to take a bite from the big whale and every once in a while they get away with it but then the whale opens its mouth wide open and swallows all he small fish around.
Whales can move the markets at a certain time when bad or good news rumoring. Otherwise, they don't have much power to control the overall market.
Only
supply and demand are the major factors which are lying behind the scene, only supply and demand can move the market in any direction strongly.
Adept can't sell his Bitcoin at unfair pricing, only noobs and miners can do that, When miners have no supply or less supply the price gradually has been grown.
When negative news comes, it makes the market a little uncertain, whales just give a little wind and noobs/miners start selling, the price gradually has been fallen.