Understand who controls the market you are investing or trading in, and youll have an advantage. Bitcoin is a free and open source market. Nobody owns it.
But does anyone control it?
Ask yourself this
How are Bitcoins created?
Who is incentivised to create Bitcoin?
Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.
The market is controlled by those who have more money, be it individuals or communities. I'm sure you have understood the meaning of the word whales, whether or not market price controls are independent of your perspective. My opinion the market is purely influenced by demand, but for bitcoin there are still many puzzles and issues whether bitcoin has insiders to control their volume market in exchanger sites.