Bitcoin has now broken below $18,000, which was an area of support in recent weeks
The bitcoin market has recently awakened from a prolonged slumber, putting bears in the driver’s seat. That’s the message from experts studying chart patterns, who now see a high chance of bitcoin sliding to $14,000 or below.
The top cryptocurrency fell 22% last week, hitting a two-year low of $15,600 as FTX’s collapse dented investor confidence. The decline marked a downside break of months of horizontal or sideways trading above $18,000, opening doors for a notable sell-off.