Until now I had seen that the BTC market behaves that way, because from 2014 to 2017 I saw that there was an accumulation stage, after 2018 to 2021, but we are not in the uptrend at all because due to the corrections we could be talking. about a sharp drop before a possible reaccumulation stage is generated, which is quite ingenious, in this market we have not had reaccumulation yet.
But since it can be said that the Accumulation stage usually lasts 3 years, it is likely that by the 4th year benefits will already be obtained, this is what also differs from the Stock Market, since in the Stock Market the important movements are usually every 8 to 10 years, this is why the BTC market is so superior to regret that it has no backing. For now I don't think that Elon Musk has the same market manipulation power anymore, I think that he doesn't have that power.
Accumulation stage probably doesn't happen for that long, because we see a ton of drop during those periods as well and you do not see a ton of drops during accumulation stage. What we call accumulation is when people buy small and insignificant amount not to increase the price too much but do it constantly, so if you buy 500k dollars worth of bitcoin for 100 days you have 50 million dollars worth of bitcoin, do that for 300 days and you got yourself 150 million dollars worth of bitcoin (obviously price would change during that period as well).
This means price wouldn't crash all that much, but it wouldn't increase all that much, we have accumulators who keeps the price not too low but not too high. I believe we have one crash, one recovery, one accumulation, one profit cycle and it happens back to back as well, that's why I think we will have crash next trend, no idea when it will happen.
You are right, one of the reasons why I know that there is no downtrend stage is because of the millionaries wallets, since they have not moved much, at least those of 100-1000BTC, in the uptrend of 2017- In 2018 , these percentages reached almost 80%, that's when I realized that we were already in an uptrend and then the Distribution stage passed, which was very fast and eventually entered the downtrend stage, of course this happened portfolios millionaires is not a guarantee, but it is a way to verify when in doubt.
Mainly when Elon Musk made such an announcement I checked the millionaire wallets and nothing, they haven't moved much in percentage, which is a good indication, what if Elon Musk made a waste of his own power, since I'm sure what? when I make another of the eventual tweets of him they will not have the same acceptance as him, because there is a lot of disappointment, that is, his manipulation power will not be much.