Analyst forecasts 40% Bitcoin drop below $50,000 if $82,000 holds

HAMED_AZ warns of a deeper pullback in Bitcoin. The analyst sees a 40% drop risk unless price breaks above $82k.

He says Bitcoin still trades inside a daily descending channel on TradingView. The break below the $79k support flipped sentiment and turned that zone into resistance per prior levels.

The $79k–$82k “supply” area aligns with the 0.5 Fibonacci retracement. He calls it a key decision zone per analysis. Failure to reclaim it suggests bears hold control.

If rejection hits there, he sees a move lower. The target is roughly 40% down, with a bottom near $47k per his scenario. “As long as price stays below the supply zone and the channel’s upper boundary, bearish continuation remains favored,” he wrote in related notes and his chart.

There is an invalidation. A clean break above $82k would open a push to the channel top and a potential trend flip per bulls’ case.

Title: HAMED_AZ sees 40% Bitcoin drop risk to $47k unless $82k breaks