Bitcoin: How Low Will It Go?

Bitcoin: How Low Will It Go?

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Thesis Summary

Bitcoin (BTC-USD) has just sold off, going as far as breaking below the June low. This can be attributed partly to the recent debacle between FTX (FTT-USD), Alameda and Binance (BNB-USD).

However, this can also be explained by technical analysis, and I was personally expecting a sell-off like this.

Another Liquidation Event

The recent sell-off has coincided with increased concerns that FTX could become insolvent, which became an issue when…


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