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  4. Here’s why Bitcoin losing $6K in hours was good for BTC price action
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Here’s why Bitcoin losing $6K in hours was good for BTC price action

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction canceled out previous snap gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData...
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Here’s why Bitcoin losing $6K in hours was good for BTC price action © Reuters.

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction canceled out previous snap gains.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.

Bitcoin futures open interest annotated chart. Source: Dylan LeClair/Twitter
ETH/USD 1-hour candle chart (Bitstamp). Source: TradingView

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SJC Eximbank8,300/ 8,500
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SJC 99,99%7,370/ 7,470
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