Bitcoin is already down 40% from its final ATH, according to Peter Brand about 20 days ago he said it would naturally go down 35%, but things look a bit more difficult, because Elon Musk seems to have a lot of influence, this is a negative Because having so much mass movement he does what he wants, however in this article they show some key points of a technical analysis:
Key Support Levels: $38K, $36,750 / $36,250, $35,900, $35,100, $33,260, $32,465.
Key Resistance Levels: $39,700 – $40,000, $42,000, $44,750, $46,000, $47,890.
Looking ahead, the first support lies at the current level of $38K, followed by $36,750 (.786 Fib), along with today’s low at $36,250 (lower boundary of the the price channel). This is followed by $35,900 (downside 1.618 Fib Extension – orange), $35,100 (short term downside 1.272 Fib Extension), $33,260 (short term downside 1.414 Fib Extension), and $32,465 (Feb lows).
Source:
https://cryptopotato.com/bitcoin-price-analysis-btc-is-now-40-below-ath-bulls-eye-the-ma-200-crucial-level/I honestly don't think it will hit $ 30k or less, but it all depends on how much weak hands are able to hold up ...