Quote from: arifteguhr on May 11, 2022, 11:44:28 PM

Quote from: Silberman on May 11, 2022, 08:51:58 PM

That will probably be the worst scenario by far, right now I am seeing that the price has dropped to 29k and if does not recover soon and it goes back to the 30k level then another round of FUD could go appear and the price could drop significantly once more, and if that we are to happen then most likely a crypto winter would follow, now I do not think that it could possibly be any worse than what we saw in 2018, but quite honestly I would prefer to not have to go through such an experience once again.

The possibility for the price to go lower could occur as the market is in very worst condition, I am very worried if the market drops below $20k because all the altcoins will crash as the BTC market price has been hit at its lowest price in this year.

there is some speculation from the analyst that it could be very well hitting below $20K but I doubt that because below $20K anyone gonna flock and bagging it hoping that in the future it gonna grows significantly in terms of value just like the past.
Instead I think the bottom could be right now that is around $30K because its having resistance that are holding quite well.
also if it really hits below $20k as you said, altcoins gonna be really doomed because even the recent bearish have made majority of altcoins lose almost 80% of its value so it just gonna go down even further and maybe could hit the point of no value recover again because its just already losing so much value.