3 reasons why traders want to buy the Bitcoin price dip to $58.5K By

Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red on Nov. 16.

Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back to $60,500.

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