From what I've heard and seen in the past couple of weeks, it seems because of mass BTC selling in the Arab Gulf and the BTC halving, that the "down-journey" isn't over yet.
I may be wrong, but believe this may be possible outcome. Hence reaching close to the $50k resistance point before climbing back up towards a new all-time high.
So I'm not sure whether to buy in now or wait to see if this dips any lower now. Either way, I believe we're heading for a big jump in the short to mid-term.