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Bitcoin drops $1K in five minutes in fresh dip below $60K
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Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $58,000 at the time of writing, hitting its lowest since Oct. 15.
The move follows multiple retests of $60,000, with Bitcoin now taking liquidity in a large support wall with $57,000 as its base.
Analysts, as Cointelegraph reported, were already prepared, with some data suggesting a deeper dive to a low as $50,000 would still preserve the overall bull trend.
#Bitcoin couldn't break through $63.6K and tests the other side of the range.Might be dropping another time if $61.6K can't break and then I'm looking at $58K next. pic.twitter.com/HIsvhE5ZlZ
Commenting on the situation meanwhile,
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