![Bitcoin price dip may retest K before next leg up Bitcoin price dip may retest K before next leg up](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvNjY3NTVkMjgtODkxNi00MjE1LWEwOGYtMjMxZmUxM2FkNTgxLmpwZw==.jpg)
Bitcoin price dip may retest $55K before next leg up
Based on the upcoming Aug. 14 CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on track to recover.
Bitcoin price dipped below a key trendline as analysts eye a potential correction below $55,000 before it can rebound.
Bitcoin’s (BTC) price fell below a key growth trajectory line based on previous Bitcoin halving cycles.
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Author: Zoltan Vardai