Bitcoin dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve.
Data from Cointelegraph Markets Pro and TradingView captured fluid market conditions on Friday, with BTC/USD acting in a $2,000 range.
The pair had spent the previous day tracing sideways — behavior that was now showing signs of breaking down.
For popular analysts, however, such BTC price action was not only expected but welcomed.
“A drop to 59-61k followed by some consolidation would be the best way to continue the bull-run in my opinion,” Twitter trader Galaxy added.
“Might not happen but it would be extremely healthy for both $BTC and alts. Be prepared either way.”
