Is it possible for Bitcoin to fall below $5000, YES. How likely can this happen , NOT VERY LIKELY.
One thing we should understand is the fact that Bitcoin has gotten to a state where a drop to $5k is not likely. The adoption is much and the use cases are springing up, but the fact remains that crypto is volatile and economic challenges can crumble the Bitcoin Market down to $5000 .
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Btc has gone to some hands that are ready to hold forever.
Elsavaldor microstrategy are example.
If btc falls they buy if it rise they buy they keep buying and buying btc
They can sell too.
They are not robot. And if it's announced that they sell then btc will crash
True they can sell thier btc
It's a very slim chance. It's likely impossible except there is war nation to nation
War might promote btc because they won't be chance for physical transaction.
The presence of war will make btc more active.
The production of Fiat would be more because war causes loss of money and people would because of that run to btc
No
Russia started attacking Ukraine and btc is down by 8%
Yeah. But the fact is that it is possible
I want to agree with you,but to me on the other side it is highly unlike as the chance of having it back at that level to me is very slim
I believe I stated that. It is possible but very unlikely
Depending on the market strategy and level of the users.