I do not believe that the price of bitcoin can go out of control. There are people who have a lot of coins. They can't release control over the pricing of their hands. As a result, they can lose a lot of money. It seems to me that they turned the pump on purpose. Perhaps speculators are afraid of futures and preparing to leave the market of bitcoin.
agree with what you say, that bitcoin can not take off because there is a whale factor that will eat bitcoin until the value of that price will boost in the market