Bitcoin is decentralized which means no one person or company can control it.Yes, bitcoin can be manipulated by directly or indirectly for example positive or negative news can trigger panic sell or pump, whales also affect bitcoins price like any other investment options.Every investment options can be manipulated. Bitcoin is just too volatile to predict where prices would go.
Bro, I really feel I have been controlling the market recently. Every time I buy the price goes down and every time I sell it goes really high. It's not China apparently. LOL I have been buying DAO Maker recently because they release a news that they're more open now, which means everyone can join their token sales with or without staking their token. But then the price continuously goes down, but wth, we'll hodl and never sell
I don't think it's because of China by any mean. Besides the China ban the use of bitcoin, we saw how many other powerful institutions, governments and big companies adopt the use of bitcoin including India who announced recently the legalization of bitcoin in addition to Chile and El Salvador.
I can understand how people ask about how this market can be controlled, but i know that bitcoin is like to other products can be influenced by the global world economy .