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Bitcoin hitting $59K would be ‘extremely healthy,’ says trader as BTC price retreats
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Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve.
Data from Cointelegraph Markets Pro and TradingView captured fluid market conditions on Friday, with BTC/USD acting in a $2,000 range.
The pair had spent the previous day tracing sideways — behavior that was now showing signs of breaking down.
For popular analysts, however, such BTC price action was not only expected but welcomed.
Sideways :)
“A drop to 59-61k followed by some consolidation
Read more on cointelegraph.comAbout this in other media
Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M cointelegraph.com /2 years ago
Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low cointelegraph.com /2 years ago
Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall cointelegraph.com /2 years ago
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