Bitcoin's recent price drop has sparked concerns about a potential market correction. However, a closer look at the charts reveals a strong support level around $50,000, which has been tested multiple times in the past. If the price can hold above this level, it could be a sign that the bull run is far from over.

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Agreed, the support at $50k is crucial. Holding above it suggests buyers are still strong. Let's see how it plays out, but the charts are looking encouraging.