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

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

August 22, 2023

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© Reuters

(BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action.

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance for BTC/USD.

BTC/USD order book data for Binance annotated chart. Source: Material Indicators/X
BTC/USD 12-hour chart with RSI. Source: TradingView
BTC/USD comparative chart. Source: Jelle/X