As the BTC price drops, a trader says that Bitcoin reaching $59K would be ‘extremely health’

Bitcoin continues to correct during Friday, but it may still be ongoing, and analysts are not worried.
Bitcoin (BTC), which fell below $64,000 on November 12, as it continued its decline from new all-time highs. Source: TradingViewBTC. Consolidation becomes a down moveData from Cointelegraph Markets Pro, TradingView, and TradingView captured fluid market conditions Friday, November 12, 2021.

Galaxy, a Twitter trader, stated that a drop to 59-61k and then consolidation would be the best way for the bull-run to continue. It might not happen, but it would be very healthy for $BTC and other alts. Be prepared for any outcome. Source: TradingViewThe total cryptocurrency market cap fell below $3 trillion after it was reached for the first time earlier this week.

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