Bitcoin hitting $59K would be ‘extremely healthy,’
A correction continues for Bitcoin during Friday, but it may not be over yet, and analysts are far from worried.
7203
27
2:06
Bitcoin hitting
59K would be ‘extremely healthy,’ says trader as BTC price retreats
MARKET UPDATE
Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC: Consolidation becomes down move
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.
7203
27
2:06
Bitcoin hitting
59K would be ‘extremely healthy,’ says trader as BTC price retreatsMARKET UPDATE
Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC: Consolidation becomes down move
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.