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Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K
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Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels.
Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10, the price of Bitcoin managed to claw its way back up to the $65,000 level where bulls now look to consolidate and regroup for another push higher.
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Read more on cointelegraph.comAbout this in other media
Bitcoin price drops 8% amid fears of COVID B.1.1.529 variant discovered in South Africa. Here's why euronews.com /2 years ago
Bitcoin price metric demands 'strong reaction' as $56K BTC starts to look 'seriously cheap' cointelegraph.com /2 years ago
Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K cointelegraph.com /2 years ago
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