Bitcoin drops below $15k isn't impossible, especially when many investors lose their trust in exchanges and crypto coins after the cases of Luna and FTX. If we have more cases on crypto exchanges or if there is another big crypto project that turns bankrupt, I assume Bitcoin price is possible to fall below $15k. You may think Bitcoin can't drop below $15k based on analyzing the Bitcoin price chart. However, the issue or news seems to have a bigger role in determining the Bitcoin price lately.
Bitcoin price correction is always possible especially when the market is hit by FUD due to the FTX crash. It is clear that the reaction of traders and investors has affected the price of bitcoin so much that bitcoin has lost a lot of value. Bitcoin has been trying to recover from the last week of October to the first week of November, but has collapsed again since November 8th closing at around $15,742 on November 9th.
The FTX issue has affected the crypto market in general and many investors and traders are starting to lose faith in centralized exchanges resulting in a lack of trading activity making bitcoin trade volumes lower. The lowest trading volume peak during November was on the 20th with a volume of around $10.8 billion and I think this is a real reaction to the loss of interest of traders to use the exchange.
At least people are learning their lesson.
I honestly can't believe how many people leave their crypto on exchange.
Also the number of crypto bros who still believe 'yield farming' is a legitimate way to make money.