If Bitcoin doesn't break (50k) during this Bull-run price is likely to crash back down to 9k-12K region, which is a fresh Quarterly, Monthly Institutional Demand Zone.
in times where supply is short can we actually see drops like that? Bitcoin still is speculative but i think with more and more institutional adoption will get less and less. Hence why we havent seen massive drop yet but only healthy corrections. Its entirely possible for it to stay between 30k- 50k range for some time - still big swings - and that would be bullish. Only way i could see drop lower if there is regulatory changes impacting it in any way - which is a plausible scenario