The market has had its ups and downs and that mostly is caused by the whales. Now that new investors and institutional bodies are coming into the system, the down trend in the price of bitcoin will be reduced to its minimal level, but that does not affect the time for price correction, as it is a normal thing that must happen. Whales on the other side will not be able to affect the price of bitcoin as they used to.
It is also certain that the price of the market is not controlled by no one, but by the reaction of the market, the buyers and the sellers, whom are controlling.