The hype is over. so we can expect it be bearish.
If we account the people who only invest because of Elon, we can say that some of them blame btc for losing their money as they've probably the ones who invest when it is in high, then the sudden dip so they're not coming back. If that's the case, it will go down and down as long as musk don't make a tweet.
Honestly, it's pretty early to say that Bitcoin is in the bear market after a simple 20% drop in a few days.
Thats the thing with crypto and for anyone who is doubting that this is end of Bulls and into the Bear market.
A 20% dip is really nothing and we have seen these over the years.
It is expected for new bitcoiners to be worried but for anyone who been through it before knows this is normal. For this reason I am still very Bullish.