Bitcoin (BTC) experienced a pullback after the Nov. 16 Wall Street open, with its price dropping to $36,470, over $1,000 down on the day. This price action closely resembled events from earlier in the week, where bulls failed to flip new highs to support and endured long liquidations. Market participants noted the repetitive nature of BTC price action, leaving the possibility for both new highs and a deeper retracement open. Meanwhile, the US dollar weakened, which could be a positive development for cryptocurrencies.