BTC/USDT In Freefall - $14K Incoming? 📉🚨

Wow... What a crazy past few days in crypto with Binance and CZ gobbling up FTX.

This along with insolvency rumors not just at FTX, but other large exchanges is causing a serious meltdown across all cryptocurrencies. ❌

Looking at the Bitcoin 8H chart, we see that we just crashed through a major support zone. This goes in tandem with our mid-term thesis that Bitcoin is in for more pain. 🤝

We're looking for a local bottom around $14-16K.

Still a volatile week ahead with CPI and elections finishing up.

Stay safe and eyes peeled! 👀