Bitcoin price is around 16666 USD after FTX Fud for a month. Lots of investors are waiting to buy discounted BTC under 15K. Some of them are waiting to see 9K, Some of them are waiting to see 14K...
I think 12K USD may be the bottom for Bitcoin price If we see the worst case scenario for market.
Here you can see downtrend line coming from 69K. It is broken up and retested. So, we may not see the price this line below..
There is also support line coming from the middle of 2021.. It is on 12K USD now...
There are lots of negative news on market. We may see negative new CEX crisis. Kucoin is on the top of the list...
If we see this scenario, we may see middle crypto season before 2025 and the target of this season may be around 40-50K USD as we saw in 2019...
Stabile market is boring for investors but It is great signal that we may be close to the end...
We will see...