Analysts hold their $250K Bitcoin price target even as BTC falls below $60K

Bitcoin (BTC) briefly fell below $60,000 on Oct. 22 as a correction after all-time highs deepened concerns about the market’s strength.

Trader eyes $56,000 minimum BTC buy-in

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.

A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below…