Bitcoin’s price is down around 21% from its all-time high. But while this remains in line with previous bull market corrections, Bitcoin could still fall to the $50,000 mark in the near term, based on historic patterns.

Bitcoin (BTC) price fell over 12% on the weekly chart to $57,780 as of 1:10 p.m. in UTC, which is 21.6% lower thatn its all-time high of $73,750, reached on March 14, according to CoinMarketCap data.

BTC/USDT, 1-day chart. Source: CoinMarketCapBTC/USD, 1-week chart. Source: Rekt CapitalBTC/USD, 1-week chart. 2016-2018, Source: Sister LauraBitcoin exchange liquidation map. Source: Coinglass