Can Bitcoin drop to over 50,000?

I've come across such content quite a bit these days.

I took a quick look, and most are just comparing it to the K-line of 2021.

And it seems like K-line AI analysis.

This kind of viewpoint that completely relies on K-line isn't going to have a high success rate.

Although I was bearish at over 110,000, I wouldn't just blindly short it.

A drop to the 9s is a normal adjustment; a drop to the 8s or 7s would require significant negative news.

I believe that's already the limit.

As for dropping to the 5s, a price drop of 50% to 60%,

unless there’s a negative event on the level of 312, the probability is too low.

Do you think events like 312 happen every day? Year after year?

The fundamentals of Bitcoin have undergone a qualitative change.

Even if a 312-type event occurs, there will be greater support.

Those who say Bitcoin will drop to 5,

either want traffic, or truly don't understand analysis.