Catch the Bitcoin dip? BTC price pares losses with a fresh surge to $57K

Bitcoin (BTC) was back at $57,000 on Oct. 13 as a classic move left hopeful traders liquidated to the tune of $200 million.

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

Trader sees parallels to August price action

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $57,250 on Bitstamp, up almost $3,000 in under three hours.

Reminiscent of multiple surges over the past week, Bitcoin thus gained 5.5% on the day, lining up a rematch of five-month…


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