Bitcoin Traders Say $58K is Key as Dip-Buyers Help BTC Rebound 11%

Bitcoin (BTC) rebounded above $65,000 on Friday, up 11% from 15-month lows below $60,000, as focus shifted to institutional dip buyers.

Key takeaways:

• Bitcoin finally sees investors who are willing to “buy the dip” as prices dropped to sub-$60,000 levels.

• Traders have shifted their focus to $58,000 as the last line of defense for Bitcoin.

Bitcoin wipes out $1.1 billion longs on drop to $59,000

Bitcoin price fell as low as $60,000 on Thursday, <a…