it is absolutely possible to drop lower before massive rally
however it dropping is complete gambling and speculation there is no telling how low this could go but Im telling you right now taking the price right now as is in just 2 weeks will pay off I would much rather lock in my bitcoin at this price level 100% then speculate that it will go a little lower first and get destroyed due to a massive rally in the span of 5 minuites out of nowhere like last time