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Here's why Bitcoin losing $6K in hours was good for BTC price action
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Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.
The pair had moved up sharply on the back of U.S. inflation hitting its highest in 30 years, this combining with derivatives market reactions to produce uncertain price action.
With $69,000 now the all-time high, some were fearful, while seasoned
Read more on cointelegraph.comAbout this in other media
Bitcoin avoids recent lows as BTC price eyes $60K into the weekly close cointelegraph.com /2 years ago
Bitcoin clings to $56K as whales keep buying — Watch these BTC price levels cointelegraph.com /2 years ago
Bitcoin falls to a 1-month low after a 6% dive drops BTC price to $56.6K cointelegraph.com /2 years ago
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