Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low

Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low

Encouraging signs point investors away from expecting the worst after BTC/USD reaches multi-day highs without significant retracement. Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart.This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore,....


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