The analysis begins by noting a 36% correction from the top for Bitcoin, followed by examining the 50-week moving average which Bitcoin hasn't closed below since March 2023 and logarithmic regression chart. Wintermute, BlackRock, and Coinbase have been selling and that over $10B of Bitcoin was dumped pushing it to $82000. Analysis notes it's still a 36% correction and things can potentially get turned around, which is why the analysis is waiting for a better time to accumulate and believes a relief bounce is possible based on the history of the 50 week moving average. The analysts also points that if they continue to close below 50 week moving average than the bull market would supposedly be over. If the bull market is over, the next area to look to would be the green ribbons or the 200 week moving average which would be $60-$70,000. All of which makes the analysts not ape into this current grey area. Therefore a target of $48046.23, with a fail bound of $104000.