Is there any chance to fall down BTC price at 5k again?

[Hadiuzzaman]

Now a days BTC price is too much dumping. But I have little bit knowledge from my perception BTC has great future and it will be considered another magical world of present world. I strongly believe that, at a time we can not think anything without the presence of BTC. So my perception BTC will be reached new value soon so it is time to buy BTC at a deep value I think you will be the millionaire. So, there is no chance to fall down it’s price again at 5k.

[BD Money365]

I don't think there is any chance to fall down BTC price 5k again in this year.I think this year btc correction period is over,now time to increase btc price.end of the year if i seen that btc make new ath that will not surprising me.

[Hadiuzzaman]

I don't think there is any chance to fall down BTC price 5k again in this year.I think this year btc correction period is over,now time to increase btc price.end of the year if i seen that btc make new ath that will not surprising me.

I strongly support to your own opinion BTC correction period is over now so it is time to make new value because it has already too much popular among all the businessmen so its price is increasing at a high rate that can not be imagined by me.


 

[thecodebear]

Extremely unlikely. In February and March/early-April Bitcoin found the bottom of the market in the 6000 range. And now it has strong support at 8000. $5k is a long way off from current prices. Unless a big dip comes in the next couple of days Bitcoin is likely to never go under $8000 again, let alone $5000. And it seems we've gotten through korea's largest exchange being raided and another MtGox sell off all in one day and still managed to stay above $8000 so low $8000s seems to be the base support level now.

[Dreamchaser21]

Yes there is a chance but no one knows when or if it's gonna happen again. There is no assurance about this thing because everythin is possible. I do hope for a better because I believe in the technology of bitcoin but I must be open for every possibilities with bitcoin.

[Uno17]

We cannot say it wont happen because bitcoin is crypto and we all know that all possibilities are bound to happen. As a bitcoin user all i can do is just hoping always that the market in crypto world would always stay stable and improving its function so that the coins will all go up and keep going. But i would always stay optimistic on this matter😊

[ReindeerOnMe]

For now? I don't think so. Bitcoin is surprisingly being stable at the price of $8000 and $9000, probably it will be the start of its pump but don't expect that it will be that high. I think after that pump it will be going down for a while to cool down and I don't think that it will be going less than $5000, I expect it might go down at $7000 but not lower than that.

[pooya87]

there is always a chance for a big drop out of nowhere, this in fact is one of the reasons why bitcoin is still considered a high risk investment. but the question is whether there is any indication of such ridiculously big drops in the future? my answer is no. we already had all the drops that bitcoin could have had. price went do $5900 even and couldn't last long thanks to the big buy support and the real demand that is increasing every day. and each drop was not because of anything serious but mainly because of panic sells and lots of FUD. for example this current drop is because Mt Gox related coins moved! it is not even a valid reason for the drop...

[Ridwan Fauzi]

In cryptocurrency market there will always be an opportunity to reach the price, depending on the trends. Over the past few months, the price of bitcoin can only reach the highest price of about $ 11,000, and we always strive for more than that and we always find failure. If indeed this happens several times, I mean we fail the breakout and over $ 11,000 bitcoin prices will fall over $ 5000 even $ 4000, that's just my theory.

[denny27]

In cryptocurrency market there will always be an opportunity to reach the price, depending on the trends. Over the past few months, the price of bitcoin can only reach the highest price of about $ 11,000, and we always strive for more than that and we always find failure. If indeed this happens several times, I mean we fail the breakout and over $ 11,000 bitcoin prices will fall over $ 5000 even $ 4000, that's just my theory.

Not yet, anyhow that hasn't ensured that we will fail and the trend is certainly influenced by certain news that can affect many people from time to time and also affects the belief of many people on crypto/Btc.
I think no matter how much the theories or predictions., I'm more concluded, that it will not fall deeper, there will be many unknowns that can affect it will be more climbing because anyhow the cryptos will become more widely known.

[Thanasis]

Now a days BTC price is too much dumping. But I have little bit knowledge from my perception BTC has great future and it will be considered another magical world of present world. I strongly believe that, at a time we can not think anything without the presence of BTC. So my perception BTC will be reached new value soon so it is time to buy BTC at a deep value I think you will be the millionaire. So, there is no chance to fall down it’s price again at 5k.

Obiviously no one knows it will or not because the bitcoin price just moving according to the market situation so it is hard to predict about future.But in my opinion it won't go to that much down because already the price of bitcoin reached from bottom level of this year from $6000,so now the reocvery is started and the current price fall is like the correction of the market which always happening after the price increase.

[timerland]

I think that during this correction, bitcoin will probably be taken down to test its former $6k support.

I don't know whether or not $6k is going to hold up as the main support level, as strong as it seems. But I think if the market sentiment doesn't shift to more bullish by the Consensus 2018 event, there is a real possibility that we'll see BTC retrace back below $6k.

That's not to say that Bitcoin isn't a good investment anymore, or anything like that. In fact, if prices were indeed to go that low, make sure that you accumulate at these levels. It's almost comical that people aren't willing to buy at those dips with extraordinarily cheap prices when seen in the long run, but are willing to buy because of fomo during a rally.

[kryptqnick]

I don't think there is any chance to fall down BTC price 5k again in this year.I think this year btc correction period is over,now time to increase btc price.end of the year if i seen that btc make new ath that will not surprising me.

We are all hoping for that, but the price went significantly down once again. I am sure we're all sick of this state of the market, but it is hard to change anything on this matter. I don't think bitcoin will go back to $5k but even going back to  $8.5k was a rather big surprise after a long period of stability and somewhat upward tendency. I truly don't understand what's the matter, since the blockchain is not compromised and there are still many supporters of crypto projects. Why any neg news lead to such huge price drops and recovering is taking so long.

[bob123]

The chance of a crash is always present. But i doubt we will see another fall to 5k.

The market seems to move in cycles. So while it is possible that BTC is going to move sideways for a few months (or a year) now before shooting up again, i don't think it will fall below 6k for more than just a few minutes.
Since adoption/usage/awareness is rising steadily it is even hard to imagine a sideways moving for several months.

While there probably won't be a heavy bullrun this year, i still think that the price is going to rise slowly but steadily (particularly because of increasing interest/awareness).
I am pretty sure of that if bitcoin hits a new ATH (regardless whether it will be this year or in 5 years), we won't see < 10k $ ever again..

[Denker]

Well never say never. Of course there is a chance we could go below 6k and reach for 5k.
But just because this chance or possibility exist, doesn't mean the probability for this to happen is huge.
Imo 6k is a very strong support area and that we will only move below it with some massive FUD.
But it's always wise to place some low orders if you're trader. You know when there is blood in the street and many people are panicking, the smart money is buying.

[Pursuer]

We are all hoping for that,

it all comes down to this little statement here!
there is demand for bitcoin and no matter how much panic sell exists and how much the whales manipulate things, this demand is not going anywhere. and because of that the price is not going to such low prices that easily. people want to buy lower and lower, if you tell them $5k they want to buy at $4k and in reality they will buy at $8.5k when there is a little drop and that makes it harder to go lower.

[liuqi]

Now a days BTC price is too much dumping. But I have little bit knowledge from my perception BTC has great future and it will be considered another magical world of present world. I strongly believe that, at a time we can not think anything without the presence of BTC. So my perception BTC will be reached new value soon so it is time to buy BTC at a deep value I think you will be the millionaire. So, there is no chance to fall down it’s price again at 5k.

In Crypto platform all the coins are moving to downward it depends on the current issues know everything is solved so again Bitcoin and altcoins are growing slowly. In Majority of the investors are buying more Bitcoin so some peoples are creating the negative thoughts in Bitcoin this is the best profitable and promising platform.

[Thirdspace]

there is always a chance for anything, even down to $5k is still possible
it looks like we will experience another episode of price drops to $7k over the next week or two
if at the end of May bitcoin price does not bounce back, it might slide down even further

[babygun]

Bitcoin price is so unpredictable and small news/triggers can have big effect on the price. I think we will get some more corrections this year, but probably we will not fall back down to 5k.

[BillCoin]

Ofcourse it is possible.
There are 2 main scenerios that it could be happening.
First of all, really bad news about bitcoin, something about a a way to hack the network would dramatically decrease the price of bitcoin.
Not only this, but also a fork would be able to hurt bitcoin dramatically, if a forked token is able to overcome the legacy one.