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.
Absolutely yes, most of the people are investing based on their emotions and if there is a good news about cryptocurrency then they will invest a huge amount in order to earn more profit when the market prices starts to pump up again.