Bitcoin's likely target is a decline to 43,850 $.

Bitcoin has broken its downtrend line on the daily timeframe but has not yet retested it. However, if the retest is confirmed, the decline will begin, with the first target being 43,850. Additionally, the start of the decline has been confirmed by the MACD, but the Ichimoku Cloud has not turned red yet. Therefore, for the decline to commence:
1- The cloud should turn red.
2- The retest should be confirmed.

Comment:

Already started!