The market is being controlled mainly by,the law of demand and supply and also news relative to cryptocurrency,which migth be for or against the price of bitcoin,the whales in the space also has some level of influence on the market trend.
Just remember bitcoin is volatile and people don't care about it all the want profit if the bitcoin become controllable then we can't make profits.
News also play a major part in bitcoin price flucations. Since no one can control the price it is only the whales which make use of social media to create a panic so get the coin cheap for themselves.