Those who have been in Bitcoin for some years are looking at this drop in price as just another pull back but I'm not so sure. One youtuber says the recent rise after the drop is evidence it is in an ascending triangle pattern meaning prices will head back up, however if you look at the chart it looks far more like a dead cat bounce before a further drop than a turning point. This to me looks to be the first pull back before the Elites send it to the moon just before they crash it like they did the dot com bust.

How they work is simple push up prices so it gets noticed in media, people jump on board because they don't want to miss out, then crash it, make obscene profit then build it back up, once it passes the previous high those who panicked and sold out chase their losses trying to make up what they lost and the general public jump on board big time while the scum bag elites chuckle to themselves and wait making astoundingly obscene profits. Once mum and dad investors pile on board the scum sell everything they have crashing it before buying up big at the bottom.