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InvestmentsAnalysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head...

Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K By Cointelegraph


© Reuters.

Volatility is the secret within the cryptocurrency market and the Nov. 11 night sell-off within the price of (BTC) is a reminder that new all-time highs are usually adopted by sharp whipsaws to underlying help ranges.

Data from Cointelegraph Markets Pro and TradingView exhibits that after dropping to a low close to $62,800 late on Nov. 10, the price of Bitcoin managed to claw its means again up to the $65,000 degree the place bulls now look to consolidate and regroup for an additional push increased.

BTC/USDT 4-hour chart. Source: TradingView
BTC/USDT 1-day chart. Source: TradingView
BTC/USDT 6-hour chart. Source: Twitter (NYSE:)