Post
Topic
Board Bitcoin Discussion
Re: What are the chances of bitcoin taking another dive?
by
LogitechMouse
on 31/07/2020, 12:01:59 UTC
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.