It's extremely unlikely given the circumstances that we are in now.

The past bear market in bitcoin (2014) have saw prices go down around 80% before stability. I don't expect this bear market to be that different.

Even though historical performance isn't necessarily always an indicator of what will happen, there is simply no reason for BTC to go down to 3 digits. Firstly, I still believe that there will be firm demand for bitcoin at the $3k level, which will have strong support. Secondly, institutional investors that are just entering the market during this period of bearishness will likely seize the buying opportunity if BTC does tumble down below $3k, as well individuals that are investing in BTC in the long term.

There will simply be too much demand looking at it on a macro scale, if prices do fall to $2-3k, which will stop it from going down further. While 3 digits is possible, I think that would take some real failures in the network, or several prominent countries imposing bans on BTC at the same time to make it happen.