One of the last support zones holding Bitcoin up around the $18,400-$18,200 zone was broken down by the cryptocurrency during the most recent bloodbath in the crypto market.
The loss of this critical support level signaled that the price of BTC may continue its current downward trend and may even reach lower levels.
The indicators on Bitcoin’s charts show no signs of solid bullish momentum, especially after the FTX crash and the massive market selloff.
