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

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

The downside does not last long with an abrupt return to form taking Bitcoin price action back to mid-May levels. 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: TradingViewTrader sees parallels to August price actionData 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....

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