Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
Of course it's possible, but we'll never know if it's happening. In my opinion, the real whales are still not seriously interested in the cryptocurrency market, because it is too small for them and too unstable. Bitcoin needs to collect the market cap for a few more years to attract the eyes of these major players from the financial market. So in theory, yes, but in practice not.
Reading your reply made me think I'm very poor. Imagine the entire cryptocurrency market is nothing compared to the whales? Now I wonder what would these whales do with all the money they can buy a planet, perhaps. While I hardly buy a motorcycle for myself.