Bitcoin prices can hit up to $ 50K. But not anytime soon. Maybe after we cross the bear market and the price will bounce back up. and will likely exceed 50K. I don't know when that happened. But for sure Bitcoin will continue to increase in value as time goes by and more and more large companies are adopting bitcoin.
Despite the relatively large correction, the formal bear market has not yet started. Consolidation may well take place now and growth may continue after a while. To speak of a bear market, we must be in a downward phase for much more than a couple of weeks.