The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
Although there are still those who consider bitcoin as something opaque and very speculative with the potential for collapse, but I notice that for now it has led to a better improvement where demand is coming in so that it gives birth to a shift / market sentiment for the better and that is changing rapidly after a strong decline last year, one of which is an increase in investment from institutions.
Nope, there is no correction, on the contrary, the price is moving to $72k, maybe there was excitement as we are fast approaching block halving and so investors are pouring their money before that event event.
If we believe the great potential of BTC will indeed run as you intended, but we also have to be aware of this trend as you intended, because in every halving event, of course, it will not describe the same pattern all and there must be different.