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.
Not only exchanges but miners & stakers too. There's lots of money to be made, so expect constant price manipulation by these entities. This really doesn't matter, since Bitcoin was never about the price. What really matters is decentralization & censorship-resistance. Bitcoin serving its purpose as a decentralized cryptocurrency anyone can use worldwide, is more than enough for it to succeed in the long term. Price-wise, you should take every opportunity possible to make profit. There will be ups and downs, but if you manage to play the game, you'll be on a road towards financial success.
Hopefully, the market will stabilize in the future as regulations come into play. The bigger the crypto market grows, the more attention it'll bring to mainstream governments. Regulations are inevitable, so whales' game will not last for long. Just my thoughts
