Does the down trends of Bitcoin signals the end of the mother of all cryptocurrency extinction?. To me, I would say NO.
Back in the year 2020, in the month of November, Bitcoin was at $17k, but leapfrogged to $61k on march 3 2021. It later dips to $34k, in July 6th, 2021. By November 8, 2021, it experienced one of its highest peak by hitting$67.5k. By January 2022, it hits another low of $35k. Till date it hasn't gone beyond the that trend, presently as at today, may 11, 2022, it's in $29k.
If we are to look at trends, in which Bitcoin has followed ever since 2020, then my take is that the mother of all cryptocurrency is still finding it's root to leapfrog again in the coming months.
This can never be the end for Bitcoin, because it's the life line for most altcoins.
I for see Bitcoin hitting another all time high soonest.