Musk accelerated the inevitable dip

It wasn't Elon Musk that crashed the market. The price was begging to be crashed. I have already explained that Bitcoin reached its final ATH and is only going lower from here.

Elon Musk just planted the tombstone on this bull run's grave. As this bull run is now officialy over the only concern I have is that price is only 30% lower from the top.

Weekly MACD has changed to bearish, however there is still some kind of hope, but it will be a very difficult case for Bitcoin. Since it hasn't dropped bellow 30%, currently it is 28% from ATH, it is possible that it can still recover.

We will need a mass exodus to see this ending and many of the whales were very unhappy with Musk, while trying to play down the tweet and his environmental concerns.

Taken from tradingview (https://www.tradingview.com/chart/BTCUSDT/Nmscijng-BTC-will-rise-up-it-will-be-more-than-55k-in-next-few-days/)

The chart on this link by Official3Arz gives an interesting scenario that prolongues the bull run for many more months, and gives a target of 77k for BTC by the end of the year. I wasn't expecting to see such an accurate prediction at this time, but this trader seem to have a very good idea about the market right now.

The chart was made on 25th of April and for the time being it is off by just a week, since Musk rushed the expected leg down. Maybe, this is possible, but it will need for BTC to find support and not make another lower low for the next week. If 46k is broken again and crashed more, then it will be the end.

Is anyone buying this dip?

Bots and a few traders did, but I see very little excitement this time from the market to "buy the dip". I did a few trades for small profit, but I don't see a very strong support at 48k.

Since Bitcoin is so much dependent on the news there will be a terrible reaction if anything else follows the Elon Musk tweet.

For the time being I don't see the strength of investors supporting with fresh money. May Tether will rescue BTC once again, but I wonder for how long can this keep happening. BTC looks that it will need a miracle at this time to recover and keep the bull run alive.