Bitcoin dips below $47K but one trader is eyeing 'solid risk/reward' for longing BTC now

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Bitcoin dips below $47K but one trader is eyeing 'solid risk/reward' for longing BTC now
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A dip or an opportunity? As Bitcoin falls below 47K, analyst scottmelker notes a chance for short-term profit.

showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%.

As market participants resigned themselves to a lackluster end to the year, popular trader and analyst Scott Melker noticed a possible buying opportunity at current levels on short timeframes.

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