Bitcoin retests support, with trader forecasting BTC price dip to $55K

[Dociko]

The odds are on for a fresh Bitcoin price dip, and Ether may join in, analysis warns. Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8 am UTC.

The pair saw a difficult 24 hours after hitting local highs above $64,000, finally bouncing at $60,000 in a brief but significant dip.
Source: Cointelegraph

[lepbagong]

looking at today's chart on Coin Gecko it looks like bitcoin will move not down but will complete an increase with the aim of creating renewable ATH which will probably be realized in the next few hours.



whether it will be achieved or not, we will wait a while, or is it true that there will be a decline? everything can happen and it's hard to guess because bitcoin moves very quickly both up and down.

but I have confidence that bitcoin will peak at the end of this year, we are waiting for the end of november will bitcoin be able to pass the resistance at $70K ?

[lepbagong]

recent changes have occurred with ATH $68,641.57 - Nov 09, 2021, this is certainly good news and will continue to see the improvements bitcoin will make.
$67,276.79 - Oct 20, 2021
$68,641.57 - Nov 09, 2021
Of course, if you look at this, it is clear that the increase is quite good and not too bad at all.
this move happened for 2 weeks, hopefully the next 2 weeks there will be an increase above $70K+ and we will wait for that.