HomeTech PointBitcoin Predictions: Is BTC...

Bitcoin Predictions: Is BTC Going to Drop Below $10K?

Terra’s stablecoin had a dramatic crash, and Bitcoin is also creating perturbations among crypto investors. Bitcoin (BTC) is the largest cryptocurrency in this extremely high-volatile market.

However, these market conditions are not stopping Bitcoin from captivating millions of cryptocurrency investors. Bitcoin drastically crashed and has hit the $20k level since its all-time high price record of $68K last November 2021.

The vast crash created a storm for long-term crypto holders, but investors who are always eyeing the dip in the market found an opportunity in the price decline.

Many Wall Street experts have speculations about Bitcoin hitting the price of $100,000 within this year, 2022. However, other experts are taking a stance on their arguments that BTC might fall down to the $10,000 price level.

Inevitable Collapse in the Crypto Space

There are a lot of factors that give huge impacts on Bitcoin and other digital currencies. For instance, the uncertain reserves for Tether (USDT), the leading stablecoin globally, is a considerable cause for it to collapse.

Also, Ethereum is currently in the stage of a major upgrade. If there’s an issue in technical aspects, it might erode the investors’ trust. The latest technology could undermine the very premise of Bitcoin.

A collapse in the crypto market can occur at any time. The best way to keep secure from it is to use a crypto exchange or platform that has no collapse or crash record. One of the most secure platforms to use is Bitcoin Profit. It has proven excellent and impressive records from the users’ reviews.

In this article, let us analyse how experts view the Bitcoin Predictions (BTC) in the future, whether it will soar high up to $100,000 or drop below the $10,000 price zone.

Bitcoin’s Possibility of Hitting $10,000 Price Level

As you can notice, most of the Bitcoin Predictions dropping low in value come from the experts who are sceptical about BTC and other cryptocurrencies. However, there is a huge possibility that BTC might hit that $10,000 price level.

These crypto critics might be right at predicting the collapse of the crypto market, but there are a lot of factors to look into that give an impact on the price jump or fall of Bitcoin and other cryptocurrencies.

Louis Navellier, the founder and chairman of a $2.5 billion asset management firm, Navellier & Associates Inc., one top money manager, recently made a devastating and shocking Bitcoin Predictions. This price prediction greatly affects various crypto enthusiasts. Navellier points out that the value of the flagship crypto-asset might crash to as low as $10,000 if a particular situation were to occur.

According to him, there will be an 80% downward trend if Bitcoin forms a frightening double-top pattern. It will drag the price lower, which might signal the end of the bull market.

The double-top pattern shows that an asset’s price might visit from its previous price levels years ago. Navellier predicts that there will be a decline below $46,000 to be a yellow flag (200-day Moving Average).

There will also be a decline below the spring low of $28,500. These declines will complete the drastic double-top, which will point to a declining level below $10,000. This price zone will match its 80% decline history.

Bitcoin’s Crash for More than 80% In 2018 Might Happen Again

This Bitcoin price prediction might be disturbing and ridiculous. However, it’s not unusual for Bitcoin’s price to encounter a price correction of more than 80% when its price value crashed in December 2018.

This prediction will be a price correction since the U.S. Federal Reserve’s bond purchase may give the biggest boost to the largest crypto asset. The tapering of the Fed will create a price correction on risky assets, including Bitcoin.

Extreme price volatility will be expected on many financial assets such as Bitcoin as the Fed tapers more.


Generally, Bitcoin and other digital currencies are very risky assets. Volatility is part of their nature. However, what really matters is your long-term perspective on how Bitcoin and other cryptocurrencies might perform. Bitcoin believers view the largest digital asset as something that could revolutionize the way people use money. Some of them treat Bitcoin as a form of digital gold. The way how people perceive a digital asset is a huge factor that might impact its value.

Most Popular

More Articles

Things to know About the Ultrasonic Thickness Gauge

Ultrasonic thickness gauge is used to measure the thickness of metal...

How to use Disney Plus Begin 8 digit code: Easy Guide

It is undeniable that when using any of the several streaming...

Best Methods for Using Path of Exile Atlas passive tree

Do you Want a complete information on Path Of Exile Atlas...

How To Spy On iPhone From Android

iPhone and Android are arch-rivals when it comes to smartphones. In...

Read Now

Different Categories of AI for Executives to Understand

Too often in the media, artificial intelligence is referenced as a single monolithic technology, when in fact, the realm of AI is immense and populated with various types of tech. Before business leaders can begin integrating AI into their digital architecture, they need to understand how diverse...

how to Unpin Someone on snapchat: Android & iPhone

Snapchat is one of the world’s top popular social media apps. Snapchat contains 347 million active users (MAU) worldwide. The more interesting fact is the app updates its feature timely according to its user's requirements. So, it engages its users with the app in order that nobody gets...

The 7 Best Portable Gaming Systems You Can Buy

Video games are no longer a niche hobby; they're a mainstream pastime enjoyed by people of all ages. And with the rise of mobile gaming, there are now more ways than ever to get your game on, no matter where you are. If you're looking for a...