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Catch the Bitcoin dip? BTC price pares losses with a fresh surge to $57K
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Bitcoin (BTC) was back at $57,000 on Oct. 13 as a classic move left hopeful traders liquidated to the tune of $200 million.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $57,250 on Bitstamp, up almost $3,000 in under three hours.
Reminiscent of multiple surges over the past week, Bitcoin thus gained 5.5% on the day, lining up a rematch of five-month highs.
Those looking to short further than $54,260 were thus disappointed amid a barrage of bullish optimism.
"This correction on Bitcoin is nicely comparable to the price action in August," Cointelegraph contributor Michaël van de Poppe commented.
Fellow trader and analyst Rekt Capital meanwhile confirmed a higher low for BTC/USD during the retracement, thus
Read more on cointelegraph.comAbout this in other media
BTC price dips below $62K on VanEck Bitcoin ETF launch day cointelegraph.com /3 years ago
Bitcoin bull market '2nd leg has started,' says BTC price model creator cointelegraph.com /3 years ago
These aspects can impact Bitcoin’s short-term price movement ambcrypto.com /3 years ago
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