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others are saying it could go lower to 5-6k levels

It could go to zero, or close to. It could have all been a bubble and it’s all over now. All possibilities but we will have to wait and see. It doesn’t take much to move this market as seen by recent price drops!
But remember this time last year bitcoin was at one eighth of the price! Even after the crash, it’s still worth 8 Times what it was a mere 12 months ago.

..........the whole project could collapse!

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