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

[Midsign]

In the cryptocurrency market, any thing is possible. Who would ever believe that bitcoin price would go from 19k to 6800? That's more than 70% loss of its all time high. Their has been many price predictions of recent that bitcoin could see 3,000-5,000k dollars.

I think the golden rule in this industry is to invest what you can afford to lose

[9000]

Now we can see the bear market, so it can happen.
But I believe that we will noot see such drammatic fall, because "big players" started to enter this market, and soon we will see other trand, which leads to the moon.

[iamahappyminer]

It can happen, because in the field of investment criptocurrency many big players are able to take advantage of the market situation decline by taking the opportunity to buy bitcoin in large enough quantities with the lowest price...

[Tilim@Tilim]

We will all likely have to use both gov fiat and crypto for years yet, BTC being the only real check and balance to government controlled money.

[SnakeGriffin]

We will all likely have to use both gov fiat and crypto for years yet, BTC being the only real check and balance to government controlled money.

I expect governments to come out with an own cc. But it will take some years and they must make it much more user-friendly. My mom & pop could never use it the way it is bought + sold yet. I must add I come from a modern country in Europe with one of the fastest internet speeds + average iq worldwide. If they cannot mass adopt it, no one else can.

[markalis]

it looks like it will not happen for now, because the last support btc has been formed at rate & 7,000 and $ 7,500. if btc can break $ 8,200. then it will form a new resistant and we'll see

[ekin4]

It's possible. We can even see 1500-2000 USD. This won't be a surprise.
Bitcoin is in bear market, as well as other coins. We haven't seen the dip yet. Be patient to buy from the bottom.

[Mv13]

Hardly if it keeps current value beyond Tax Sale day, due in two days. From that point on, if it reaches $8500 - $9000 then it might enter new resistance band.

Then again, Bitcoin, and the whole crypto market as a whole is still highly volatile..So there would be no definitive "Yes" or "No" answers to OP's question.

[cryptomayorio]

I agree. I have read 3,00 and 4,000$ are the possible expectations. It's crazy! But time to scoop up at these prices.