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, the month of December has been bad for Binance, 3.6 worth of assets withdrawan and its native token BNB is also fell to 220 dollars today, it is highly unlikely that we will see Christmas rally this year.
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.
We had expected a December with a rebound in bitcoin after positive signals from the economic situation as well as Fed interest rates, but in the end, things did not go as expected. There are only 12 days left until we enter a new year, and at this point, I also believe that there will be no more surprises, there is too much bad news for the market, so the possibility for a rally will be unlikely.
Let's hope that Binance doesn't crash, if they have a real crash; I think we'll see an all-time low bitcoin, not just $13k, think $3k to $5k if binance crashes.