Elites destruction of Bitcoin or is it?

Is this the first major pull back in the bitcoin bubble scenario like the Dot com bubble crash? They take it down 50- 60 percent creating panic selling so they can buy in at the bottom and then drive the price sky high making them shit loads of cash. Then they wait until the public regain confidence and pile back in on mass by which time the Elite trash are ready to crash it again all the way back down to the median which is about $1000 a coin where they again buy in again and gain in a slow much more reasonable long term gain and move on to crash the next market. I agree with the "smart and smarter (smarter being smarter than me lol)" money move into the alt coins for now and maybe Bitcoin cash which seems to be a hedge as every time bitcoin goes down Bitcoin cash goes up. This not the crash you have been waiting for... but it is the crash that leads to suckering you in to bitcoin as the trash are planning to steal every thing not bolted figuratively down in your wallet.