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Bitcoin Price Under Healthy Retracement Hints a Retest to $70K

Bitcoin Price: Bitcoin, the leading cryptocurrency by market capitalization, has experienced a healthy retracement in the past couple of weeks. After reaching its record high of $73,750, the price of BTC has declined by over 17.5% and is currently finding support around $60,000. While the cryptocurrency is attempting to regain momentum and recover from this psychological level, it is likely that there will be additional correction in the following week. Traders and investors should be prepared for this possibility and closely monitor the market for potential opportunities.