Here’s why Bitcoin losing K in hours was good for BTC price action

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: TradingView

“No free lunch” for speculators

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

The pair had moved up sharply on the back of United States inflation hitting its highest in 30 years, this combining with derivatives market reactions to…


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