It is possible if there is really another decline and a negative narrative or FUD that leads to the instability of the global economic market such as effects due to war, SEC regulation, ETFs etc.
Yep, it is not impossible to have another FUD. However, it should be a big FUD that can lead Bitcoin to drop below $40k. We are at $60k now, it must decline above $20k to drop below $40k. In theory, it should be quite difficult to drop -$20k in few weeks but it is not something impossible for sure. Let's see what news we have in the next few weeks!
Strong support for Bitcoin is currently at $49k and if it can be broken it will continue to decline to $46k-$35k.
Exactly. If Bitcoin price can drop below $49k, it is very possible to have another lower price. $46k-$35k is possible but it is very unlikely to happen if we take a look the current market condition. Now, the price of Bitcoin looks like to go to higher price, it is trying to stay above $60k.