This I think is following what I learned from understanding the chart here in the bitcoin graph, In my opinion after the scandals that happened in Ftx, we know that the value of Bitcoin in the market has been affected somehow, and we cannot deny it.
That's why I think, according to my observation the price of Bitcoin will play between 16k$-17k$, in a few months the price value of bitcoin will play for sure in the market. So this is also a good opportunity to get profit in the short term, Just based on my opinion.
What happened with FTX, Blockfi and others are a kind of negative news and that is something that can't be learned by looking at the charts or the graph only. News are a part of fundamental analysis already and we need it as well to predict properly other than the technical analysis.That's why I think, according to my observation the price of Bitcoin will play between 16k$-17k$, in a few months the price value of bitcoin will play for sure in the market. So this is also a good opportunity to get profit in the short term, Just based on my opinion.
It's clear that btc is affected because the last price of btc was at $19k if I am not mistaken but after the FTX crash, btc then plunges to $15k but it is now recovering and getting stable at $16k. We are right now above $17k and I am sure that it will be reaching $18k in the next day or two. This is nice but I don't think we will stay on this level for months. I expect something better on the month of December.
