I have been observing a trend from last year bitcoin price movements to this year movement.
I have observed how we're getting so much positive news and adoption about bitcoin this year, but still the prices refuse to go up. If this was last year a single positive news will have pumps the prices by at least 10% or more.
Its that positive news don't longer have any effect on the price movement or is their any manipulation going on.
Positive news will indeed make an impact for the increase in Bitcoin prices. This has proven to have happened several times and the price of Bitcoin has even reached a record when there is a lot of positive news. For now, there is still not enough positive news that can change the direction of Bitcoin price movements. Support from various parties such as government and large companies that accept Bitcoin payments can be a major factor, we wait for all of that to happen because when bitcoin can be legally recognized, Bitcoin will be increasingly widely known and on a very ideal path to the era of digitalisation global financial system.