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.