Can Bitcoin price go down near $5000...?

[sycaburatan]

Possible yes,because it is currently in a down trend and it could possible go down near $3.5k levels as that is the next hard support if the $6k resistance will be broke once again but lets hope that it wont happen because it could be the reason why people or big investors are going to pull their money out from the market and it will be the main reason why our market will fail for good.

[skelethon]

It's possible, you never know what's gonna happen.

Similarly, I think ETH is also probably going to fall below <$400. Scary times.

[AntoCokbun]

We see the continue downfall in Bitcoin price from last 3 months is there any possibility that Bitcoin price touch $5000 if this will happen I will invest for number of Bitcoin.

in fact I'm not really sure that it will really be true, but if seen bitcoin prices in the market so far continue to fall plus a lot of people say that bitcoin will continue to throw up to $ 5000 then I just can to keep monitoring and hope things the best.

[Veter2000]

Of course, the price of bitcoin may drop to 5000. But it can also grow to 40,000. The question is the probability of the first or second case based on the current situation in the market and the trends of bitcoin and the market in general.

[otunayode]

I think this is the lowest price we will see as regard bitcoin price in this bitcoin season of price decrease. Anyone expecting bitcoin to decrease further may have to wait for long time. We have passed the days of incredibly low price.

[cryptoprophecy]

If we are talking about technical analyis,yes it could fall below that price the last support levels will be at the $3.5k levels  and $5.8k if i am not mistaken so it means if these support levels will be broke that could be bloody,that is why it is recommended to stick with the USD if the market is going to fail,technical experts says we should avoid and see what possible could happen.

[BountyGo]

Bitcoin is very unstable at the moment, mostly because the threat of BTC whales cashing out still from the mtGox fiasco couple years back, + SEC news and japan regulation is hitting the markets hard.

[crampus]

I thought that after the summit, bitcoin will go up, and the correction will end, but as we see that it can and up to 5000 to fall, if this happens, then one must buy it.

[nakauten]

Possible,but we need to know if the current support levels of bitcoin will be broke because that is the saddest thing in our community that could happen these support levels would be the barrier with these bloody baths,so if these supports will be destroyed by these bears thats the time that we need to cut our losses or else we are done.

[hungafub]

I would like it to see somewhere between 5000-6000 or lower and grow slowly while people use Bitcoin and not just hold/trade. I currently own none, even though I buy maybe $1k weekly on Bitfinex. I pay quite a lot with BTC and Ethereum, as it's part of my job. The key to a healthy market is to use Bitcoin for more than just profit.

[cryptobobo]

Possibly yes,because this down trend is super downtrend and these bulls are more stronger than the previous bearish trends,so we should expect the worsd because this could happen anytime and its unavoidable,the bitcoin's price ist still at risk and it could be worst ,dropped to $3k if we are talking about the beginning of the end of cryptocurrencies.

[Tony116]

Now the line of trend bitcoin goes down. We can't be sure where the price will go to. As for me there is a high probability to fall to $5000. I set up limit orders at 6100 and 5100.

[madtea]

Feel bad for anyone who got into crypto in Janaury. The market is bearish right now and it's very possible it drops further.

[manlyxman]

Feel bad for anyone who got into crypto in Janaury. The market is bearish right now and it's very possible it drops further.

Yeah even looking at the ETH fall alone, that's pretty bad is.

But on the other hand, if they know well enough, they might take advantage of the situation and buy low now.

[cryptomema]

Possibly yes,as far as i can see it could fall below $4k levels and that is the end of cryptocurrencies because the last stop would be at the $3k and $1.5k levels already and that is a little bit alarming because most of the people will cut their losses and beginning to do panic selling because they could lose a lot when that happens.

[cryptorobbo]

Sure it can, we are in strong bear trend these months. Hopefully it goes down slowly and naturally and then bounce back to steadily reach 25k.

[nakamote]

Yes it can possibly fall down to tht level when the hard support at $6K broke that could result into a big panic which will be thea reason why the market situation will be worsen so you need to cutloss whenever that happens because it might be the start of the beginning of the cryptocurrency market collapse and we should be prepare whatever happens.

[ujinice]

Bitcoin is a very volatile asset that can overnight lose half of its value, so I believe that he can cost $ 5000.

[bulbolitobayagyag]

Yes of course,and it could be worst so you shouldnt be expecting too much that the market will recover anytime soon because it wont.Bitcoin is too manipulated that is why the market is shaking too hard,financial institutions or big players are doing this alot so that the markt will fall very hard so they can buyback from the dips!

[LyudvigDD]

I think that there is such a possibility, everything is possible. Cryptocurrency is so volatile that it is impossible to predict what price will be in the near future, not to mention the long term.