Bitcoin search interest nears 1-year lows as BTC price slips below $55K

Bitcoin search interest nears 1-year lows as BTC price slips below $55K


Bitcoin (BTC) saw a widely-anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts unfazed by BTC price pullback

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp.

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After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction apparent in the short term.

For analysts, however, there was little surprise in the moves. $58,000 had been tipped as tricky resistance which was unlikely to break all at once, while a “buy the dip” opportunity at $53,000 or below was also on the radar for many.

“This BTC pullback doesn’t worry me at all,” trader and analyst Rekt Capital summarized

He added that such a consolidation and

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