1 min

BTC (1D)

Because of the story with FTX, panic sentiment, and massive sales, the bitcoin rate still updated a year low, dropping to $15 600. As support worked the global downtrend, which was broken in mid-October. As the situation with FTX and related projects continues to develop, another wave of a crypto market decline should be expected. Before that, there could be a small correction, as bitcoin looks oversold.

The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.

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