Bitcoin retests support, with trader forecasting BTC price dip to $55K By Cointelegraph

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(BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000.

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

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8 am UTC.

1-hour candle chart (FTX). Source: TradingView