Bitcoin traders' BTC price dip targets now include $30.9K bottom
Bitcoin is giving many traders a feeling that a support retest could be next, but BTC price strength is winning out over altcoins. Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as Analysis hoped for a deeper BTC price comedown. BTC/USD 1-day chart. Source: TradingView Bitcoin traders map out likely bottoms Data from Cointelegraph Markets Pro and TradingView followed a retracement from intraday highs of $36,600. Having failed to establish a breakout beyond 18-month highs during the week, Bitcoin was uninspiring for market participants, some of whom hoped to see a fresh correction to retest lower levels. “Would be happy to see this latest rally complete the round trip back to $35k. Would be even happier to see a retest of $33k,” monitoring resource Material Indicators wrote in part of the day’s X commentary. A snapshot of BTC/USDT order book liquidity showed support building at $35,000. BTC/USDT order book data. Source: Material Indicators/X Continuing, Material Ind...