What are the chances of bitcoin taking another dive?

[adzino]

Risky. You never know when it is going to drop low. The price requires no excuse for it to drop or rise. Like you have seen, back in March the price drop quite badly within few hours, though most of the people blame the panic sellers who thought the price of bitcoin is also going to fall along with the stocks.
No one here can predict when the price will fall. $5,900 seems a bit too low, but you never know. So take necessary steps or prevention to secure your collateral.

[rexxarofmoknathal]

With the above comments taken into account it seems that at this time BTC is securing 11K, now even if another trend was to hit it as part of market correction which some people expect to be happening soon there's little evidence in believing that it will go as low as 5k given that for the last 3 months or so it stabilised somewhere around 9k. Though one must take the necessary risks/precautions.

[fiulpro]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

There is equal number of chances of that happening in a specific time period , it's not in the control of any authority , therefore anything can happen , that's the whole idea about decentralization , no one controls it and therefore no one can literally tell you what the next price is going to be.

I see you have taken a huge loss , I would recommend you to not count on Bitcoins dropping till 5900$ since right now we are seeing some positive signs therefore for a brief period of time when pandemic is right at our doorsteps and at the same time online transactions , online casinos , trading is sky high , right now the implications of Bitcoins are large so it dropping might be doubtful.

You have to wait .
It's more like a bet.
No one knows if it might or might not happen ~

[pawanjain]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

To answer your question straight, at this point of time it is highly unlikely for bitcoin to drop back to $5900.
Bitcoin had been idle in the $9000 range and it had to show a change by a correction and the price is increasing now.
It is likely to increase in the upcoming days in my opinion because there is no such reason for bitcoin to dump any time soon.

[LUCKMCFLY]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

In the Bitcoin market, anything can happen, it is difficult to give you a commercial advice because many times it depends on the criteria of each person, but I recommend that you learn to read the volume and shape of the Bitcoin graph to months, weeks, days, and there you can have a market perspective, everything is always a risk.

I recommend that you believe a little more, it is likely to go down, but just as it is likely to go down it can go up substantially, in fact it has been going up, but it is your money and in the end it is your decision.

[Janation]

Under 5% maybe?

The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days. But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.

[Reatim]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

Thats too low mate for Nexo to expect before settling your loan, i don't think we will dive that low again after the bull we had recently.
actually the market is looking for Hype more and only correction is what we expect to adjust the price,either below 9k or atleast 8k is the lowest.
i think what best you can do is to make arrangement in Nexo to make adjustment towards your request because it will never settle if you will wait for the dive.

Remember that we are closing to Halving effect and this starts recently,now price are staying at 11k meaning only pump is what we are expecting.

I am eyeing for at least $15,000 before the year end after the correction.

[dimonstration]

Under 5% maybe?

The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days. But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.

It will dive again into 8k usd like it was before the pandemic spread it only moves within that bracket of $7k to $9k and dive too low when Pandemic happens and lockdown begun. If the price continue to rise about 15k usd or more, anytime within that can dive into 8k usd. Lower if another lockdown will happen in many countries at the same time. Its too volatile  to Guarantee that's we need to be updated since bitcoin prices depends on what is happening in the world and news of legalising it.

[angrybirdy]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

The possibility is high, we all know that every after sudden increase in price of bitcoin, especially if its jump is too quick to go up just the way it is right now, a dump is expected. Or if it continues to increase even further, its dive will also deeper than our expectation. It might reach your expected dive when that time comes or maybe around $6-$7k.

[carlisle1]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

Feel sorry for you mate but chances  are?as of this moment and at least this whole year?there will never be  a 40% dropping until this year ,because we are heading to bull and no sign of bearish are coming.
i know that this is hard to accept but reality is mate,look how much bitcoin pricing now?how can you expect it fall to 5k level .the last surge last march is about the effect of corona virus and many had panic and whales take the advantage.

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

The possibility is high, we all know that every after sudden increase in price of bitcoin, especially if its jump is too quick to go up just the way it is right now, a dump is expected. Or if it continues to increase even further, its dive will also deeper than our expectation. It might reach your expected dive when that time comes or maybe around $6-$7k.

what are you pointing is correction but 7k?that is too far from reality mate.remember that this year halving happens and if  only this pandemic did not come?for sure we are mooning by now  so lets accept that there will be 40% drop off price.
maybe 8k level is high enough before the real bull starts to run.

[ufaiz50]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

Bitcoin is in good condition and th\e market is still in a fresh situation where in the market many have begun to come. Talking about possibilities in the bitcoin market, for prices under $ 6k it's possible but not in the near future. Because the market is currently good, where there is no static deep. Whatever it is better before acting, you must pay attention to all matters relating to what you will do.

[LogitechMouse]

So my question what are the chances of bitcoin dropping back to below 5900 again?

Anything is possible with Bitcoin but this scenario?? Hmmm I'd say that there is around 5-10% chance that it will happen.

In order for Bitcoin to go below that price again, there must be a news again or any event that is as effective as the pandemic. Maybe a huge spike of cases or another virus pandemic can affect its price but I think that is almost impossible to happen. Still I see this is happening but with a relatively low chance. Right now we are in a bullish scenario and people are expecting further movement towards the upside in the upcoming weeks. I'm waiting it too but still ready for the worst because it can also happen.

[minersday]

Considering the nature of the Bitcoin market, there are possibilities that Bitcoin might drop but the question is that, will it drop to $5.9k ? Looking at how 2020 has been so far, I don't see bitcoin dropping to $5.9k. It is very possible that the market value of Bitcoin might drop in the range between $9k and $10k through the 2020.

[rodskee]

Under 5% maybe?

The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days.

A good sign that it will continue to stay there, and yes if this run will continue to
gain more supports from the investors,
it will soon break another barrier though it can also make some fall knowing that
this is the nature of this market.

But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.

For now, we can still see positive signs. There are also chances that conventional
traders are  here now, taking their opportunities
to divert their investment from stocks and now start filling their portfolios with bitcoin.
We ain't sure, but it can affect the sentiments of this industry.

[Blank-Head]

I think there is less chances for another drive if Whales don't make it by forcing.
Because according to analysis and EMA bitcoin should go down for retest.

[Ozero]

Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to  drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks

No, I do not think that the price of bitcoin can now drop to $ 5,900 and below. Of course, a price correction in the cryptocurrency market could happen very soon. There is information that whales are transferring their bitcoins to exchanges. This may mean that at any moment the bitcoins can start dumping and they will fall in price. However, there shouldn't be a big drop now. Too much expectation of market participants for a rise in the price of cryptocurrency.

[coolcoinz]

The more time passes since the halving the more unlikely a fall to 5k range will become. Now we're still testing the waters, but what is happening now is a great indicator of a new bull market. The problem with TA based predictions for Bitcoin is that there are some external factors that can influence the price. Stocks and laws regarding Bitcoin in various countries are just 2 of those factors. You can have the greatest bullish setup and then Bitcoin gets banned in a few couyntries and that setup will turn into nothing.

[carlisle1]

A drop to 5900 from ~9500 seems unlikely.

That is what we thought when Bitcoin was around $19k+ and yet it crashes to sub $4k.  Cryptocurrency market is very unpredictable, we all witnessed it so better to have a reserve and expect the worst than caught unaware.

But the situation is far different comparing in 2017 and  now 2020,remember  that when the  price is  $19,000 that is the time when the halving effect is subsiding and people are getting their investments before if totally fall down.

but now?we are just waiting for the Bull so if there might be others that wanted sell off still majority are keeping their money inside holding.

Everyday, there is always a chance of Bitcoin taking another dive.  No matter how good the market is today, we don't know what it will be tomorrow.

What i am looking soon will happen is Correction  and that will be dropping the price bellow $9,000
but that is the lowest i think,and will not fall to that low of 5,900

so that dive?actually not really dive but correction.IMO

[NurAzizahhh]

This is a serious problem, most of the BTC compilation is expensive on the market. Regarding the wind in the ears of his audience and there has never been a bad effect on the market. but still, they have to keep their mouths shut or someone wants to. They cannot speak ill of bitcoin in public without their knowledge. We know that bitcoin is usually involved in many fraudulent or illegal activities. It's very difficult to change the majority's mindset about bitcoin when everything they hear and see on the news is negative.

[Argoo]

The more time passes since the halving the more unlikely a fall to 5k range will become. Now we're still testing the waters, but what is happening now is a great indicator of a new bull market. The problem with TA based predictions for Bitcoin is that there are some external factors that can influence the price. Stocks and laws regarding Bitcoin in various countries are just 2 of those factors. You can have the greatest bullish setup and then Bitcoin gets banned in a few couyntries and that setup will turn into nothing.

That's for sure. The more time passes from the date of the division of bitcoin in half, the less likely it is that the price of bitcoin may fall to the lowest possible values. A correction is, of course, possible, this is a normal growth process in the cryptocurrency market.
Over the past hour, the price of bitcoin has dropped from $ 11,938 to $ 11,303. Is it just another wave or is it the beginning of a price correction?