Will $BTC go to $50,000?

After Bitcoin made its all time high, it hasn't made its low bottom yet. According to my technicals, when it makes a high it dumps in 3 levels. I have seen 4 cycles of 40%, 50%, 60%. Now you do the math. If it dumps this much from $126k, what range can it make? According to me the price will not go below $50k. But first they will create FOMO and pump the market and then dump it.