{"id":368403,"date":"2021-11-17T15:14:55","date_gmt":"2021-11-17T12:14:55","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-toys-with-60k-as-crucial-price-support-level-sees-multiple-retests\/"},"modified":"2021-11-17T15:14:55","modified_gmt":"2021-11-17T12:14:55","slug":"bitcoin-toys-with-60k-as-crucial-price-support-level-sees-multiple-retests","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-toys-with-60k-as-crucial-price-support-level-sees-multiple-retests\/","title":{"rendered":"# Bitcoin toys with $60K as crucial price support level sees multiple retests"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41303f38603\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41303f38603\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-toys-with-60k-as-crucial-price-support-level-sees-multiple-retests\/#Analyst_This_isnt_the_%E2%80%9Creal%E2%80%9D_bear_market\" >Analyst: This isn&#8217;t the &#8220;real&#8221; bear market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-toys-with-60k-as-crucial-price-support-level-sees-multiple-retests\/#Tesla_gains_as_altcoins_stay_flat\" >Tesla gains as altcoins stay flat<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin toys with $60K as crucial price support level sees multiple retests <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/9c40355b-651e-40fc-a545-3d40fd7ac91c.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_This_isnt_the_%E2%80%9Creal%E2%80%9D_bear_market\"><\/span>Analyst: This isn&#8217;t the &#8220;real&#8221; bear market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0showed BTC\/USD abruptly reversing after its fourth wick below $59,000 in 24 hours.<\/p>\n<p>The $58,400 level had been pronounced as a key line in the sand for bulls Tuesday, this necessary to hold in order to avoid deeper losses.<\/p>\n<p>True to form, Bitcoin quickly returned above $60,000 after the retest to see local highs of $60,890 on Bitstamp.<\/p>\n<p>&#8220;The real BTC Bear Market is still months away,&#8221; a hopeful Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1460914345064472582\">summarized<\/a>.<\/p>\n<p>Fellow trader Pentoshi <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1460721933415239681\">forecast<\/a> a return to a zone between $62,000 and $63,000 &#8220;over the next 1-3 days,&#8221; likewise urging calm over current moves.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">One thing to not lose sight of. Corrections like this h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened in 2017 constantly. And one in every month from January to May on alts. Where else can you get these wild swings? Have to have a healthy mindset and view it as opportunity <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bIrvq3TC6S\">https:\/\/t.co\/bIrvq3TC6S<\/a><\/p>\n<p>\u2014 Pentoshi Won\u2019t Dm You. hates Dm\u2019s. DM&#8217;s are scams (@Pentosh1) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1460931519636197377?ref_src=twsrc%5Etfw\">November 17, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>With similarities to previous bull markets still very much in focus, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account TechDev estimated that Bitcoin in 2021 is acting practically identically to 2017 with a small delay.<\/p>\n<p>&#8220;PA continues to stay 5-8 days behind 2017 since July,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1460800458956627969\">said<\/a> in part of fresh commentary. <\/p>\n<p>Should Bitcoin&#8217;s relative strength index (RSI), a key factor in bull cycles, recover above a trendline it lost during this week&#8217;s downturn, a price target of $80,000-$90,000 remains possible by the end of November, he added.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tesla_gains_as_altcoins_stay_flat\"><\/span>Tesla gains as altcoins stay flat<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ranging style of price action meanwhile also played out across major altcoins.<\/p>\n<p><strong><em>Related:\u00a0Traders watch for a trend reversal after Ethereum price drops to $4,100<\/em><\/strong><\/p>\n<p>Out of the top ten cryptocurrencies by market cap, none saw significant moves up or down overall over the 24 hours to the time of writing.\u00a0<\/p>\n<p>Ether (ETH) was flat at around $4,230, while others cooled after 10-15% weekly losses.<\/p>\n<p>Prior to the U.S. open, Tesla (TSLA) looked set to continue a recovery from Monday&#8217;s lows, which accompanied Bitcoin and altcoins&#8217; own comedown.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/dfb17bf0-f5f7-4687-b5c5-5843b0cc20b2.png\"><figcaption style=\"text-align: center;\"><em>Tesla (TSLA) 1-hour candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-toys-with-60k-as-crucial-price-support-level-sees-multiple-retests\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin toys with $60K as crucial price support level sees multiple retests &#8221; Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: This isn&#8217;t the &#8220;real&#8221; bear market Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD abruptly reversing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYTU5MmIxOTEtYTI0Mi00NjFlLWFiYjItNDY1OTk2NGQ3MTA0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,82402,74891,73785,36402],"class_list":["post-368403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-markets","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368403"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368404"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}