However, no one can control the bitcoin market and even create a precise prediction for its price. Although everyone has the right to predict, but not everyone is able to make right predictions as we are just into wild speculations and educated guesses.
Ideally no one should control the bitcoin price but in reality, the whales are still in control and they can move the market up and down. The biggest whales these days are the exchanges. The exchanges can easily manipulate the prices because they have a lot of funds and also they can easily liquidate people and getting more rich. The futures market is all about bitcoin price manipulation.
if the exchanges are manipulating their own exchange then that is against the law, they should be reported to the regulators. Actually, I don't believe that because exchanges like Binance which is one of the biggest if not the biggest are already making a lot of money from trading fees due to a huge trading volume they have, so they don't need to do such thing that would put their business into compromise.