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Bitcoin hitting $59K would be ‘extremely healthy,’ says trader as BTC price retreats

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A correction continues for Bitcoin during Friday, but it may not be over yet, and analysts are far from worried.

Bitcoin (BTC) dipped below $64,000 on Nov. 12 as its comedown from new all-time highs continued to unnerve.

BTC: Consolidation becomes down move

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.

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