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

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

Bitcoin is making a comeback, with price predictions looking better than ever. With the current bull run being so strong, it seems unlikely that bitcoin will dip under $60000 in 2019 – but traders are still cautious and focus on stability above all else. They’re expecting a drop to around $55000 by the end of 2020’s trading year.

The “bitcoin price target” is an indicator that predicts when the Bitcoin price will dip to $55K. The trader forecasts that the BTC price will dip to this level in 2019.

The “bitcoin correction” is a term used to describe a dip in the price of bitcoin. The retest support that has been seen by traders, predicts that the price will dip to $55K before going back up.

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