Well, something that are now influencing the Bitcoin price is --> Bitcoin Futures
It seems as though price manipulation is being done by big Wall Street investors to influence the return on their investment in
Bitcoin futures. { The first batch of futures are expiring 4 PM London time, as reported on Reddit } ....The influence of that,
might be a slight drop in the price and a possible correction there after. Who knows?
You are right with something big like this we could confidently say and predict the outcome. But the point here is really that it is hard to predict this market, always I see price shooting up but the question is until what point? It is very hard to predict situations even like with these features - price could dump but the next thing it could go up who knows what could happen. I think we should see possible correction
It is not easy to predict the price of bitcoin especially when the guys from the top are controlling it. Just wait, bitcoin goes up again
Manipulation is being done, thats for sure but still you can't control market with like half of billion dollars worth in market cap at current time. Problem is that we have many people that don't know what the hell they are doing, first time investors who are blinded by money and making it over night.
@Kprawn what is Bitcoin Futures? Is that a group of elites that trying to manipulate the price? I haven't heard of them before. Guess, I am just new in the business compared to you.
Read here for more information:
https://coingape.com/first-cme-bitcoin-futures-contracts-expires-on-26-january-2018/