Really Bitcoin dropping to 5000? Might be who knows.
As i've already mentioned about it in my previous blog, In 2013/14 Bitcoin All Time High was above $ 1,000 and it dropped to less than $ 250.
If you calculate in percentage : [(1000-250)÷1000]×100 = 75%.
It was dropped by 75%.
And now the pattern seems similar as that of 2013/14.
Let's compare:
2018
2013/14
Now, let's look at a present condition, the All Time High Was $ 20,000.
Like before, if it drops to 75% of ATH i.e.
($ 20,000 - 75% × $ 20,000) = $ 5,000
Disclaimer: I'm not intended to create FUD, this is just my calculation and personal opinion.