After the decline/bloodbath that started 2 weeks ago anything's possible. Imo it's only a matter of when because right now the price is slowly recovering it can easily turn around in the next week or month if majority of the traders plans to sell again. I also don't like where Bitcoin is at but that's what happens when a price suddenly peaks within a year.
I know it is impossible to predict the price but, logically the marketcap cannot go below $100 billion mark. Which means it should bottom out at $3000 level.
Why not?
Cause the dominance of Bitcoin in the market is more than 50 percent. If the market cap goes below $100 billion there will be a panic selling which will result not be fruitfull for whales. Furthermore miners will stop mining. This might result in total collapse of Cryptocurrency market. Most of the ALTS will die.
Those who are manipulating this market will never want this to happen.