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❓ASK Can Bitcoin Price can drop towards $10K?

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nazgee

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The price of BTC has reached almost $35K dollars some days ago and is trading around 30K. Is there any chance that price of BTC suddenly dropt to its lower side and can reach again 10K and if this is possible when this can happened?
 
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nazgee said:
The price of BTC has reached almost $35K dollars some days ago and is trading around 30K. Is there any chance that price of BTC suddenly dropt to its lower side and can reach again 10K and if this is possible when this can happened?
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There is a chance but very low due to the recent activities. Crashing to $10k might be possible as time goes because more people are now investing in bitcoin and this boost the price daily but I don't think bitcoin can continue with the bullish run for such a long time.
 
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It may not go down that much again because people are now aware of the potential of Bitcoin. It's like before when people are actually losing hope that Bitcoin will reach another ATH that's why they're selling.
 
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I don't think it will drop to that extent, I think the reason for the prise fluctuations is as a result of people are beginning to return from holiday and less purchasing.
 
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BullyMaguire said:
It may not go down that much again because people are now aware of the potential of Bitcoin. It's like before when people are actually losing hope that Bitcoin will reach another ATH that's why they're selling.
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Based on the current statistics I have made, I think there's a chance but it's very low. This might occur when investors are ready to sell their Bitcoin and this can lead to a lot of dumping.
 
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We can say that such an event will not happen, but there is no guarantee. However, bitcoin, which has become very popular now, will not see these prices anytime soon.
 
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Nothing is impossible when certain parameters are weighed but the current situation and activities arround bitcoin has not given that signal of such a massive crash .
 
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The companies that invested in bitcoin will not allow bitcoin to drop to this level because the market is huge already and more awareness already existed
 
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Rollerkid said:
Based on the current statistics I have made, I think there's a chance but it's very low. This might occur when investors are ready to sell their Bitcoin and this can lead to a lot of dumping.
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Right, when the whales dumps it will be followed by small Investors dumping too, then when the price is at the lowest possible. Whales will rebuy and the cycle continue.
 
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Am not sure if it would ever drop to $10k again ,and the lowest i think it could drop to is close to $2Ok ,so don't be scared of withdrawing now due to that
 
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BullyMaguire said:
Right, when the whales dumps it will be followed by small Investors dumping too, then when the price is at the lowest possible. Whales will rebuy and the cycle continue.
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Exactly. I think that is exactly what control the price of cryptocurrencies. More people will buy more than expected if bitcoin is able to go below $10k.
 
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nazgee said:
The price of BTC has reached almost $35K dollars some days ago and is trading around 30K. Is there any chance that price of BTC suddenly dropt to its lower side and can reach again 10K and if this is possible when this can happened?
Click to expand...
The way the price of Bitcoin is increasing not a good time to say that its price will decrease. Hopefully it could be but thinking about it that it will go to reach $5000 landmark. The investor or taking great interesting.
 
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We don't even know where it will stop and I think if more people continue to invest in it , I will be more expensive on daily basis. I don't think the price will be dropping soon.
 
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Rollerkid said:
Exactly. I think that is exactly what control the price of cryptocurrencies. More people will buy more than expected if bitcoin is able to go below $10k.
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That includes me then haha. I wouldn't make the same mistake i did last year of not buying more. If it really fall that much it would be a blessing in disguise for us not able to join the pump today
 
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nazgee said:
The price of BTC has reached almost $35K dollars some days ago and is trading around 30K. Is there any chance that price of BTC suddenly dropt to its lower side and can reach again 10K and if this is possible when this can happened?
Click to expand...
This seems like an impossibility. Recent reports are that the amount of illiquid Bitcoin is increasing, which means less Bitcoin in supply.

With increased demand, the price is sure to only surge higher.
 
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Farhanaslam007 said:
The way the price of Bitcoin is increasing not a good time to say that its price will decrease. Hopefully it could be but thinking about it that it will go to reach $5000 landmark. The investor or taking great interesting.
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True the price is heading to $50,000 and most investors are even keeping theirs instead of selling , because they have believe in future increase of the coin
 
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