This week has been especially bloody for Bitcoin, Ethereum, and other altcoins. Investor sentiment collapsed earlier in the week following the FTX-Alameda issues and the reports about two of the biggest crypto exchanges in the world entering a “crypto war.â€
These and several other factors weakened the standing of the flagship cryptocurrency, sending it plummeting into the fifth worst collapse in its history.
Bitcoin, within a space of 24 hours, declined to the $15,000 zone despite briefly breaking $21,000 earlier in November.
So far, the fundamentals on BTC all point towards bearishness, and analysts have returned to the charts to figure out where the cryptocurrency might be headed next.
