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These aspects can impact Bitcoin’s short-term price movement
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After a smashing move to make a new ATH at $67000, Bitcoin’s price took a much-needed breather as it has retraced by almost 10% in the following two days. At the time of writing, however, BTC traded at a decent $62,744 and saw above 3% daily gains.
As the gains renewed the market’s anticipation from BTC’s price, euphoria seemed to be kicking in again. Nonetheless, the two-day consolidation had triggered the fear of a fall to levels under $60K.
So, while the possibility of a drop to the under $60K level can’t entirely be discarded here are some signs that need to be kept in mind in case another short-term correction strikes.
In spite of the close to 10% fall in BTC’s price after its 20 October ATH the king coin seemed to be holding the $60K
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