the price is only falling due to the FTX exchange case but the price will recover soon because the support of 17500$ is apparently the lowest the price has fallen since months when the financial crisis started due to the war in ukraine, this FTX event that made the price drop a lot is a sudden event, it will not make the price drop much in the long term, you can see that the price is now at 17900$ and it keeps trying to go up, probably by next week the price will be stable above 17500$, I'm not telling you to buy bitcoin, I'm just giving my opinion
That 17,500 support isn't going to do crap
if we're going to get more mass liquidations due to contagion those platforms(Blockfi, etc) that held funds on FTX. But time will tell.