No, $4400 is highly unlikely the possibility. If the bearish trend takes over from here, we will see $5200 as the lowest support. If that happens, we will see a massacre in altcoins. But BTC will bounce off from that. However, I think bulls will overpower bear at $5800 and won't bring further dump. Moreover, with the entry of institutional money in near future, we will see a trend reversal with increased buying volume and might enter a bullish phase.