Bitcoin at a price of $ 100 is an absolutely unbelievable scenario, the cost of mining is almost zero when Bitcoin costs $ 4,000, so the price cannot fall well below this level. This is an absolutely unreal price. There is no chance bitcoin will ever cost so. The minimum value to which Bitcoin can drop is 3300-3500.
3500$ is more realistic prediction than dreaming about the 10000$ price per BTC. 100$ price is myth and it is almost impossible for the mentioned reasons. After reaching the 3000$ level panic selling can cause more down pressure on prices but at the end big whales will buy all cheap bitcoins from panic sellersPersonally, I don't expect a lot of panic selling at 3k
There might be some sell-offs at 3.7-3.8 but at these levels and below we should expect large numbers of short positions to get closed (which had been opened at and above 4k). And they would support prices in their current range as closing shorts is equal to buying and providing steam for the upward pressure
Anyway, it is unlikely that we can go to 3k if this market is going to continue unless there is an outlier in the form of a desperate whale looking to cash out immediately. The bottom line is that don't expect too much from this market (read, you can't teach the old dog new tricks), though some coins may certainly have their "madness moments"
