The FTX exchange problem was just the addition to the lingering bear market, unfortunately, there is no ending in sight on the currently bear run. It is of note that some analyst predicted BTC at certain renge like $13k, $14k, $16k etc.Manu Analyst predicted that Bitcoin may bottom out at $13k, though some think that it may go lower, even touching $11k. I am looking at $13k at most, but obviously, any thing can happen.