Theoretically: Yes, it’s possible.
Practically (right now): The probability is low — but not zero.
Let’s break it down 👇
🔍 Current situation from the charts
Current price is around $850Clear break below most moving averages:MA7 and MA25 above price ❌Price below MA99 ❌RSI ≈ 29 → OversoldMACD is negative but starting to slow down → downside momentum is weakeningLast strong support tested: $790–$800
This means:
The market is weak, but it is not in a free fall
🧱 Key support levels
Before even thinking about $600, price would have to break several major supports:
$800–$790 → Very strong support (previously tested and bounced)$700–$720 → Psychological + technical support
$640–$660 → Historical support
$600 → Extremely strong support (institutional buying zone)
📌 Reaching $600 would mean:
Breaking all these levels with strong momentumMost likely requiring a major negative event
(a broad crypto market crash or a very strong negative Binance-related news)
📊 Estimated probabilities (not 100% scientific)
Based on current data only:
🔴 Continuation down to $790–$760
👉 40–45% probability
🟡 Consolidation then bounce from $800–$850
👉 35–40% probability
🔴🔴 Deep drop to $600 in the near term
👉 Only 10–15% probability at the moment
❗ When should I really worry about $600?
If the following happens:
Daily close below $780RSI stays below 30 for an extended periodHigh selling volume (panic selling)A clean break of $700 without a bounce
Then:
Yes, the $600 scenario becomes very realistic
🧠 Honest summary
$600 is not impossible theoreticallyBut it is not the most likely scenario right now
The more probable path is:
A test of $790–$800
Either a technical bounce
Or a long consolidation before a major move
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