entering early March seen that bitcoin began to squirm and began to lead to increase just overnight could make a fairly sharp increase and is now in the range of $43,450 a slight decline from the morning. is this a good sign? still can't conclude because the situation can't be predicted well, but at least there is a bright hope that will try to improve.
whether bitcoin will be able to reach $50K? it can be yes and it can also be no, the most important thing is that at this time good news is needed to be able to lift bitcoin. the hope is not to rush to achieve it but being able to stay in the range not dropping below $40K is certainly an achievement in itself, so the ability to achieve it will be easy to do.
I doubt that a sharp decrease would happen anytime soon. The rally started thanks to insane amount of wallets suddenly getting a lot of bitcoins. The amount of people with over a thousand bitcoins increase overnight. That is probably the Russian oligarchs that bought bitcoin in the past few days, which increased the price of bitcoin a ton.
When there are wealthy people spending billions together just to get their money out of troubled Ruble, you know that it is not a quick thing. They could end up selling eventually and it is a long term problem for few people to have that much. However, I do not expect a crash to happen anytime soon at all.