Analyst HAMED_AZ Says Bitcoin Remains Bearish, Eyes Drop Below $50,000

Bitcoin has pushed above $70,000, but analyst HAMED_AZ argues the broader structure remains bearish after price fell below the $79,000 support and stayed inside a descending channel. He says another rejection around the $79,000–$82,000 area could trigger a further 40% decline, placing a potential low near $47,000 and taking BTC below $50,000. A bullish alternative would require a breakout above $82,000, which he says could open the door to a trend reversal.