People always say that they are are waiting for the price of Bitcoin go down before they go into the market for trading and at the same time nobody can predict the market.
Now is the market been manipulated? Or it all depends on the numbers of investors who invested.
There is something we need to understand about Bitcoin.
The more the demand of Bitcoin the more the increase take place.Can anyone predict the market?
Because people are waiting for the decrease in price and are they predicting the market or not?
I don't think have a better understandingn on how Bitcoins
If you really want to know, the whales are the biggest market drivers. This goes for literally any other market however. Anyone holding an extreme amount of said asset inherently has a lot of control over the price. This is because they are able to flood the market with whatever asset their holding ultimately sending the price downwards.
in addition to the large number of holders, the power of influence on the psychology of coin holders can also make them do the same thing, such as the fud news thing which makes a lot of people panic and eventually many sell simultaneously and it causes great power to lower price at the same time.