BTCUSD will continue dropping. When buy? (NEW)

With FTX exchange collapse the whole crypto market has been collapsing.

BTC broke the key support and reached $15700. The bounce that we saw yesterday was just a successful bearish retest.
Most likely the price will continue dropping.

It wouldn´t be surprising to see more crypto firms, lending platforms collapsing in the next days or weeks which would increase even more bearish sentiment in the market what would result in a final leg down also for BTC.

The sentiment is very bearish and onchain data shows that people withdraw their coins from cryptocurrency exchanges.
It´s fearful territory and it may be very ugly soon.

$14 000 is not a strong support therefore we expect that if the price continues dropping, we will see $12 000 - $10 000.

DCA between $14 000 - $10 000 which seems to be a perfect buy area for a long-term investment.

P.S Not your keys , not your crypto. Buy the ledger and withdraw your coins from exchanges.

Good luck

הערה:

Short-term bounce is likely. However, the target remains unchanged.