Here’s why Bitcoin losing $6K in hours was good for BTC price action

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains.

*BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView*

“No free lunch” for speculators

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.

The pair had moved up sharply on the back of U.S….

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Bitcoin(BTC)$28,572.00-0.86%

BITCOIN
24H : -0.86%
Volume : $35,046,166,788.00
Marketcap : $552,285,900,523.00
Ethereum(ETH)$1,833.180.970%

ETHEREUM
24H : 0.970%
Volume : $15,310,600,867.00
Marketcap : $220,832,248,272.00
Tether(USDT)$1.010.580%

TETHER
24H : 0.580%
Volume : $51,675,764,549.00
Marketcap : $79,009,551,732.00
BNB(BNB)$330.990.450%

BNB
24H : 0.450%
Volume : $463,392,944.00
Marketcap : $52,276,830,921.00
USD Coin(USDC)$1.000.0100%

USD COIN
24H : 0.0100%
Volume : $6,837,919,427.00
Marketcap : $34,745,791,049.00
XRP(XRP)$0.4553.07%

XRP
24H : 3.07%
Volume : $3,966,298,247.00
Marketcap : $23,101,344,098.00
Cardano(ADA)$0.3831.05%

CARDANO
24H : 1.05%
Volume : $750,785,256.00
Marketcap : $13,406,728,176.00
Dogecoin(DOGE)$0.0781.16%

DOGECOIN
24H : 1.16%
Volume : $997,837,079.00
Marketcap : $10,876,694,717.00
Lido Staked Ether(STETH)$1,827.621.06%

LIDO STAKED ETHER
24H : 1.06%
Volume : $24,490,013.00
Marketcap : $10,683,549,987.00
Polygon(MATIC)$1.150.080%

POLYGON
24H : 0.080%
Volume : $535,577,337.00
Marketcap : $10,401,833,067.00
Solana(SOL)$22.41-1.72%

SOLANA
24H : -1.72%
Volume : $797,823,644.00
Marketcap : $8,600,543,499.00
Binance USD(BUSD)$1.00-0.37%

BINANCE USD
24H : -0.37%
Volume : $5,934,919,539.00
Marketcap : $8,087,939,597.00
Polkadot(DOT)$6.421.84%

POLKADOT
24H : 1.84%
Volume : $247,767,043.00
Marketcap : $7,794,238,928.00
Litecoin(LTC)$94.4816.18%

LITECOIN
24H : 16.18%
Volume : $1,525,823,664.00
Marketcap : $6,856,766,703.00
Shiba Inu(SHIB)$0.000011-0.31%

SHIBA INU
24H : -0.31%
Volume : $359,732,223.00
Marketcap : $6,458,288,021.00
TRON(TRX)$0.064-5.14%

TRON
24H : -5.14%
Volume : $1,036,617,303.00
Marketcap : $5,844,368,846.00
Avalanche(AVAX)$17.67-0.34%

AVALANCHE
24H : -0.34%
Volume : $310,872,847.00
Marketcap : $5,761,760,278.00
Dai(DAI)$1.00-0.07%

DAI
24H : -0.07%
Volume : $281,028,653.00
Marketcap : $5,297,202,155.00
Uniswap(UNI)$6.421.77%

UNISWAP
24H : 1.77%
Volume : $95,643,257.00
Marketcap : $4,849,775,334.00
Wrapped Bitcoin(WBTC)$28,543.00-0.86%

WRAPPED BITCOIN
24H : -0.86%
Volume : $329,300,620.00
Marketcap : $4,289,836,021.00
Chainlink(LINK)$7.600.620%

CHAINLINK
24H : 0.620%
Volume : $525,588,969.00
Marketcap : $3,747,228,360.00
Cosmos Hub(ATOM)$11.850.170%

COSMOS HUB
24H : 0.170%
Volume : $177,188,264.00
Marketcap : $3,471,627,453.00
Toncoin(TON)$2.29-6.51%

TONCOIN
24H : -6.51%
Volume : $39,277,636.00
Marketcap : $3,377,490,783.00
LEO Token(LEO)$3.37-0.67%

LEO TOKEN
24H : -0.67%
Volume : $420,308.00
Marketcap : $3,135,640,100.00
Ethereum Classic(ETC)$21.041.77%

ETHEREUM CLASSIC
24H : 1.77%
Volume : $208,583,303.00
Marketcap : $2,947,895,318.00
Monero(XMR)$155.230.150%

MONERO
24H : 0.150%
Volume : $172,795,726.00
Marketcap : $2,824,581,695.00
OKB(OKB)$45.040.770%

OKB
24H : 0.770%
Volume : $49,872,918.00
Marketcap : $2,708,916,474.00
Bitcoin Cash(BCH)$130.11-1.56%

BITCOIN CASH
24H : -1.56%
Volume : $251,141,444.00
Marketcap : $2,518,140,005.00
Stellar(XLM)$0.0942.31%

STELLAR
24H : 2.31%
Volume : $151,756,141.00
Marketcap : $2,504,507,811.00
Filecoin(FIL)$5.921.11%

FILECOIN
24H : 1.11%
Volume : $320,824,617.00
Marketcap : $2,423,369,108.00
Aptos(APT)$12.975.72%

APTOS
24H : 5.72%
Volume : $431,021,123.00
Marketcap : $2,321,698,867.00
Lido DAO(LDO)$2.380.220%

LIDO DAO
24H : 0.220%
Volume : $164,927,463.00
Marketcap : $2,048,913,687.00
TrueUSD(TUSD)$1.00-0.24%

TRUEUSD
24H : -0.24%
Volume : $345,318,665.00
Marketcap : $2,045,870,187.00
Hedera(HBAR)$0.063-0.53%

HEDERA
24H : -0.53%
Volume : $53,684,990.00
Marketcap : $1,911,802,075.00
Quant(QNT)$128.800.210%

QUANT
24H : 0.210%
Volume : $33,136,480.00
Marketcap : $1,875,889,263.00
NEAR Protocol(NEAR)$2.061.28%

NEAR PROTOCOL
24H : 1.28%
Volume : $145,596,193.00
Marketcap : $1,788,037,998.00
Cronos(CRO)$0.071-0.89%

CRONOS
24H : -0.89%
Volume : $17,910,245.00
Marketcap : $1,783,044,152.00
VeChain(VET)$0.0242.27%

VECHAIN
24H : 2.27%
Volume : $97,055,751.00
Marketcap : $1,726,785,726.00
Stacks(STX)$1.204.20%

STACKS
24H : 4.20%
Volume : $200,799,811.00
Marketcap : $1,648,527,283.00
Arbitrum(ARB)$1.26-74.99%

ARBITRUM
24H : -74.99%
Volume : $1,003,889,772.00
Marketcap : $1,612,818,596.00
Algorand(ALGO)$0.223-0.87%

ALGORAND
24H : -0.87%
Volume : $151,334,276.00
Marketcap : $1,589,514,945.00
Internet Computer(ICP)$5.250.240%

INTERNET COMPUTER
24H : 0.240%
Volume : $48,522,488.00
Marketcap : $1,569,053,702.00
ApeCoin(APE)$4.161.11%

APECOIN
24H : 1.11%
Volume : $127,416,688.00
Marketcap : $1,535,771,832.00
Fantom(FTM)$0.5030.880%

FANTOM
24H : 0.880%
Volume : $612,971,594.00
Marketcap : $1,396,048,566.00
The Graph(GRT)$0.1542.74%

THE GRAPH
24H : 2.74%
Volume : $161,805,869.00
Marketcap : $1,367,824,672.00
EOS(EOS)$1.160.770%

EOS
24H : 0.770%
Volume : $176,000,200.00
Marketcap : $1,274,911,270.00
The Sandbox(SAND)$0.6741.54%

THE SANDBOX
24H : 1.54%
Volume : $185,212,784.00
Marketcap : $1,223,016,960.00
Aave(AAVE)$78.870.520%

AAVE
24H : 0.520%
Volume : $82,741,665.00
Marketcap : $1,131,093,187.00
Decentraland(MANA)$0.6191.20%

DECENTRALAND
24H : 1.20%
Volume : $117,307,215.00
Marketcap : $1,130,940,320.00
MultiversX(EGLD)$44.131.51%

MULTIVERSX
24H : 1.51%
Volume : $28,587,020.00
Marketcap : $1,113,308,032.00
Tezos(XTZ)$1.191.97%

TEZOS
24H : 1.97%
Volume : $40,863,877.00
Marketcap : $1,098,702,357.00
Flow(FLOW)$1.041.11%

FLOW
24H : 1.11%
Volume : $33,420,272.00
Marketcap : $1,076,533,684.00
ImmutableX(IMX)$1.21-7.21%

IMMUTABLEX
24H : -7.21%
Volume : $116,933,205.00
Marketcap : $1,052,784,203.00
Theta Network(THETA)$1.051.37%

THETA NETWORK
24H : 1.37%
Volume : $27,365,592.00
Marketcap : $1,051,188,006.00
Frax(FRAX)$1.000.090%

FRAX
24H : 0.090%
Volume : $13,540,677.00
Marketcap : $1,046,063,495.00
Axie Infinity(AXS)$8.770.880%

AXIE INFINITY
24H : 0.880%
Volume : $49,320,164.00
Marketcap : $1,014,620,279.00
KuCoin(KCS)$9.16-1.38%

KUCOIN
24H : -1.38%
Volume : $2,311,833.00
Marketcap : $893,064,358.00
NEO(NEO)$12.493.27%

NEO
24H : 3.27%
Volume : $62,934,937.00
Marketcap : $882,833,659.00
Synthetix Network(SNX)$2.74-1.92%

SYNTHETIX NETWORK
24H : -1.92%
Volume : $101,405,710.00
Marketcap : $869,794,139.00
Optimism(OP)$2.57-2.07%

OPTIMISM
24H : -2.07%
Volume : $322,546,107.00
Marketcap : $809,760,414.00
Conflux(CFX)$0.379-8.44%

CONFLUX
24H : -8.44%
Volume : $676,813,137.00
Marketcap : $800,240,557.00
BitDAO(BIT)$0.543-2.05%

BITDAO
24H : -2.05%
Volume : $15,977,588.00
Marketcap : $778,842,726.00
Rocket Pool(RPL)$40.36-0.21%

ROCKET POOL
24H : -0.21%
Volume : $7,890,205.00
Marketcap : $776,205,384.00
Gate(GT)$5.412.10%

GATE
24H : 2.10%
Volume : $895,461.00
Marketcap : $762,320,585.00
Pax Dollar(USDP)$1.010.110%

PAX DOLLAR
24H : 0.110%
Volume : $4,948,725.00
Marketcap : $761,839,539.00
Curve DAO(CRV)$0.981-1.72%

CURVE DAO
24H : -1.72%
Volume : $80,742,186.00
Marketcap : $757,580,592.00
Terra Luna Classic(LUNC)$0.00013-1.09%

TERRA LUNA CLASSIC
24H : -1.09%
Volume : $72,013,896.00
Marketcap : $745,616,040.00
Bitcoin SV(BSV)$38.062.04%

BITCOIN SV
24H : 2.04%
Volume : $28,622,062.00
Marketcap : $735,991,853.00
Mina Protocol(MINA)$0.8371.18%

MINA PROTOCOL
24H : 1.18%
Volume : $75,255,486.00
Marketcap : $727,400,434.00
USDD(USDD)$0.997-0.44%

USDD
24H : -0.44%
Volume : $49,606,028.00
Marketcap : $722,937,454.00
Klaytn(KLAY)$0.2341.24%

KLAYTN
24H : 1.24%
Volume : $43,406,893.00
Marketcap : $721,221,774.00
Dash(DASH)$64.1012.60%

DASH
24H : 12.60%
Volume : $215,558,672.00
Marketcap : $718,102,509.00
WhiteBIT Token(WBT)$4.93-1.11%

WHITEBIT TOKEN
24H : -1.11%
Volume : $9,763,039.00
Marketcap : $710,848,492.00
PancakeSwap(CAKE)$3.80-0.20%

PANCAKESWAP
24H : -0.20%
Volume : $38,363,697.00
Marketcap : $693,369,109.00
Chiliz(CHZ)$0.1241.76%

CHILIZ
24H : 1.76%
Volume : $98,943,155.00
Marketcap : $666,635,312.00
GMX(GMX)$77.31-2.07%

GMX
24H : -2.07%
Volume : $69,081,599.00
Marketcap : $662,910,933.00
eCash(XEC)$0.0000322.09%

ECASH
24H : 2.09%
Volume : $10,607,967.00
Marketcap : $622,439,079.00
Maker(MKR)$685.520.050%

MAKER
24H : 0.050%
Volume : $47,426,828.00
Marketcap : $618,658,170.00
Frax Share(FXS)$8.221.41%

FRAX SHARE
24H : 1.41%
Volume : $28,843,574.00
Marketcap : $613,566,263.00
IOTA(MIOTA)$0.2181.52%

IOTA
24H : 1.52%
Volume : $17,673,289.00
Marketcap : $605,296,275.00
BitTorrent(BTT)$0.00000100-1.13%

BITTORRENT
24H : -1.13%
Volume : $17,078,678.00
Marketcap : $601,124,700.00
Huobi(HT)$3.68-7.59%

HUOBI
24H : -7.59%
Volume : $20,106,527.00
Marketcap : $597,760,705.00
SingularityNET(AGIX)$0.494-2.31%

SINGULARITYNET
24H : -2.31%
Volume : $335,533,105.00
Marketcap : $596,713,299.00
Bitget Token(BGB)$0.405-0.11%

BITGET TOKEN
24H : -0.11%
Volume : $9,491,927.00
Marketcap : $568,459,004.00
cETH(CETH)$37.031.44%

CETH
24H : 1.44%
Volume : $92.36
Marketcap : $561,930,068.00
XDC Network(XDC)$0.040-1.76%

XDC NETWORK
24H : -1.76%
Volume : $5,977,915.00
Marketcap : $548,043,247.00
Edgecoin(EDGT)$1.01-0.07%

EDGECOIN
24H : -0.07%
Volume : $14,562,253.00
Marketcap : $528,822,044.00
Tokenize Xchange(TKX)$6.550.530%

TOKENIZE XCHANGE
24H : 0.530%
Volume : $9,806,252.00
Marketcap : $524,113,846.00
PAX Gold(PAXG)$2,003.542.42%

PAX GOLD
24H : 2.42%
Volume : $21,864,239.00
Marketcap : $510,738,742.00
Trust Wallet(TWT)$1.210.170%

TRUST WALLET
24H : 0.170%
Volume : $24,883,633.00
Marketcap : $503,862,710.00
Render(RNDR)$1.37-4.15%

RENDER
24H : -4.15%
Volume : $95,956,987.00
Marketcap : $496,690,125.00
Tether Gold(XAUT)$1,989.470.240%

TETHER GOLD
24H : 0.240%
Volume : $6,436,482.00
Marketcap : $491,204,751.00
Radix(XRD)$0.04713.72%

RADIX
24H : 13.72%
Volume : $2,442,253.00
Marketcap : $469,655,756.00
Zilliqa(ZIL)$0.0291.51%

ZILLIQA
24H : 1.51%
Volume : $43,491,526.00
Marketcap : $466,758,059.00
Osmosis(OSMO)$0.823-1.02%

OSMOSIS
24H : -1.02%
Volume : $15,765,858.00
Marketcap : $455,514,324.00
Loopring(LRC)$0.3633.41%

LOOPRING
24H : 3.41%
Volume : $85,671,653.00
Marketcap : $453,137,893.00
Mask Network(MASK)$5.9815.37%

MASK NETWORK
24H : 15.37%
Volume : $527,007,134.00
Marketcap : $446,944,316.00
1inch(1INCH)$0.526-0.22%

1INCH
24H : -0.22%
Volume : $34,073,391.00
Marketcap : $438,968,772.00
Arweave(AR)$8.690.360%

ARWEAVE
24H : 0.360%
Volume : $30,746,840.00
Marketcap : $436,387,766.00
THORChain(RUNE)$1.450.380%

THORCHAIN
24H : 0.380%
Volume : $91,456,781.00
Marketcap : $435,757,094.00