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. This platform offers secure trading. 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 from Author

Behind the Height: Understanding the Benefits of Vertical Radiators

When it comes to home heating solutions, there's a whole world...

Tech Innovations in the Wellness Industry: Streamlining Your Massage Business

Technology has emerged as a key player in the ever-changing wellness...

4 Essential Tools for Effective Digital Product Development

In today's fast-paced digital world, companies must always improve their products...

How do Smart Home Gadgets Work?

People are shifting more and more toward smart home solutions by...

Read Now

Game On: Navigating the Playfield of Mobile Game Monetization Trends

In the dynamic world of mobile gaming, keeping pace with evolving trends is crucial to unlocking the full potential of your game's profitability. As the playfield of monetization continues to transform, developers need to navigate through the latest trends to ensure success. Let's explore the cutting-edge strategies that...

How to Remove Snapchat AI with or without Snapchat+

As a popular social media platform and a pioneer in fleeting message platforms, Snapchat recently launched a cutting-edge AI feature called 'My AI'. While many users appreciate and enjoy the personalized touch this AI adds to their experience, some still feel invasive or even find it creepy....

Exploring Different Monetization Models: Finding the Right Fit for Your App

Just as the mobile app industry has grown, the ways of monetizing apps have grown in recent years. There are more ways than ever to make money with apps thanks to a variety of monetization models. The catch is that not every monetization model is going to...

How to React to Instagram Messages

Instagram has become one of the most popular social media platforms for connecting with friends, family, and brands. With its massive user base, chances are you receive Instagram direct messages (DMs) regularly. Knowing how to respond thoughtfully keeps conversations going. At Pumpic, we gathered everything you need...

Advantages of Embracing the Messaging Apps in Business Tools

Communication plays a vital role in any business's growth and success. Earlier on, email was the official mode of communication among team members. Today, things are done differently, as several professional communication methods exist. There is nothing much interesting about using emails nowadays. Individuals only embrace this method...

How to Recover Photos from iCloud to iPhone [3 Ways]

Apple has brought iCloud for users to store and back up memorable photos or important screen captures. When you mistakenly delete or suddenly lose any photo on your iPhone, you don't need to worry overly, since you can recover photos from iCloud to iPhone. Today's blog will...

Transitioning from Traditional Landlines to VoIP

In the digital age, businesses are constantly seeking ways to improve efficiency, reduce costs, and enhance communication. One significant shift has been the transition from traditional landline telephony to Voice over Internet Protocol (VoIP). This technology allows voice calls to be made over the internet, offering a...

DJI Osmo Pocket 3 Review: The Ultimate Portable Filming Marvel

In 2020, DJI launched the Osmo Pocket 2, a notable upgrade from its predecessor. Three years later, the Osmo Pocket 3 has arrived with even more extensive and comprehensive improvements. The new model boasts a 1-inch sensor, supports 4K 120fps slow-motion video, features full-pixel rapid autofocus, and...

6 Reasons Why You Should Get a Monsgeek keyboard With Akko Switches

Mechanical keyboards have seen a huge surge in popularity in recent years among tech enthusiasts and gamers. One of the leading brands that has emerged is Monsgeek, known for its affordable yet high-quality keyboards featuring Akko switches. If you're in the market for a new mechanical keyboard,...

Creating Photos for Passports is Pretty Easy with AI

Passport photos, similar to other important documents, often require images or portraits with a simple white background. In such cases, you need a background remover that is accurate enough. This is different from using a background remover for creative work. A passport photo or anything similar is usually...

Transforming Your Social Media Post Images with CapCut Creative Suite

In today's digital age, social media platforms have become the go-to destination for individuals and businesses to connect, share, and engage with a global audience. To stand out in this crowded digital landscape, captivating visuals play a crucial role. High-quality images that are both eye-catching and engaging...

MovPilot Amazon Prime Video Downloader: Best Amazon Prime Video Converter of 2023

Amazon Prime, as a professional and widely acclaimed streaming platform for movies and TV shows, has seen a significant increase in market share, thanks to its library of rich resources. Especially when you go out without Internet access, downloading Amazon Prime videos for offline watching in advance...