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Bitcoin analyst eyes ‘V-shape’ BTC price bounce as RSI hits 5-year low

Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price "death chop" returnsData from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance on BTC/USD.Despite being heavily oversold according to relative strength index (RSI)

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Bitcoin Paints V-Shape Recovery after Crashing to $3.8K; More Pain Coming?

Highlights:Bitcoin plunges to $3.8K for the first time since April 2019.The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange.The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets.Bitcoin fell to its 10-month

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