Well that 18k was broken just recently, which was looking like a good support I agree but one message one month ago to today could make so much change. I understand many things happened and there was a bad news and binance and FTX deal and all that, but it is just a proof that how something that looks like it won't be broken could be seen as something that is already broken with just a months difference.
This should be a cautionary tale to everyone who looks at the charts and make deductions and think one thing is possible when the other is not because the one you think that won't happen, could very well happen if there is a bad news.
But now $18K is resistance that looked a little hard to break during the FTX case that rocked the crypto world. Perhaps $18K will be undermined soon as traders' appetite to buy back up, in December or late November seems very likely. I would expect $16K to be very strong support over time from now on even if bitcoin is currently hovering around $16K.
But considering what was the result of the survey above, I'm sure there will be an increase in demand in the market which will gradually make the market recover. $20K is expected in december, and meanwhile we should be pretty optimistic about that.
Really hard to make out some presumptions considering on whats happening in the market as of today.The lowest price is hovering around 15k but we didnt really get low even more which is really good.
Despite of that FTX issue or fud around then we didnt really that able to crash out which is good but still not an assurance that we wont really be going that low, so at least make yourself that prepared.
For those people who do see these times as the best opportunity to buy then its not really that a bad idea.If you could really bare out the risk then its your choice to make.