Given the massive moves we are experiencing in the short term Bitcoin price, things are getting very foamy. I think we are going to have a big price correction in Bitcoin. Because I think BTC could drop to $30,000 to $20,000, which would be a 50% drop.
50% drop has already happened after the ATH. What more are you looking for? A sharp correction might not going to happen as Btc is currently in a recovery period. Btc has overcome a bearish-like $30,000 level from the past couple of months. Most likely Btc will be hovering around the $40,000 level this month.
No signs of bearish market sentiments yet as everyone in crypto space has been very bullish and optimistic for the $50,000 strong resistance.