That's actually a popular theory among Bitcoin investors, that we should expect a binary outcome: either BTC is going to the moon (millions USD) or it's going near zero. Many believe an existential threat coming to fruition like QC breaking Bitcoin's security will result in the second outcome.
I was wondering what you guys think is the most likely instances that would cause the price of bitcoin would sink back below say the $5,000 or the $10,000 mark?
I honestly don't see $5K in our future. Anything below $10K looks rather unlikely now too. But a 25-30% correction, a dip to $12K......that would just be Bitcoin being Bitcoin.
Historically, the furthest drop seen in a bull market like this was a bit more than 40%. From here, that's the mid-$9,000s.