TopgOptions

BTC Bitcoin to $12K

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
If we look at the chart, we can see that BTC Bitcoin was trading lower than its strong support of $17400 and there is not too much volume between $12k and $17K, so it will most likely test that support as well. .
On the other hand, i think that by Christmas we will see other institutions or funds with exposure in FTX being margin called!
People will leave exchanges for their own wallets.
And the last fight will be against the USDT for depegging!

Looking forward to read your opinion about it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.