Even until this sharp drop occurs I still don't think it's the true peak, because I'm still optimistic the ATH will be higher but yes. If this is the end then it looks like the likely price to be maintained is still in the 20k range with the bottom probably going in the 15k range and above. Nobody knows for sure but if you look at the history I think it still makes sense, and I don't care how strong the dollar's value will be with the new government because at least any currency and asset will definitely go up and down.
Like you, I'm not quite convinced that this is end of the road for the Bitcoin bulls. In my opinion, there's still more to offer and more grounds to cover leading to a new, ATH that is significantly away from the last one - $42K. Somewhere between the range of $45K to $55K will do for me. If this is where it ends for this bull run, then I'm setting my sights for a bottom between $15K - $25K. I'm not placing any trades soon until I see a positive breakout though.