December has been running half and it seems that the hope to see the market rising will not occur in December, the number of FUDS after 2 big cases namely FTX and Luna makes us panic and think that Bitcoin will continue to drop, but a good thing is Bitcoin can still survive from pressure.
True.There is FUD in the market about Binance which has pushed down the price of Bitcoin below 17K, it is highly unlikely that we will see Christmas rally this year. December has been bad for Binance, 3.6 worth of assets withdrawan and its native token BNB is also fell to 220 dollars today.
If Binance goes in trouble then we might see Bitcoin around 13K which is its strong support but hopefully, it won't happen and Binance team will handle the crisis it is going though successfully.