Bitcoin analyst sees seller ‘exhaustion’ as BTC price rebounds 10%
Bitcoin sellers run out of steam and BTC price strength returns at the Wall Street open as US stocks initially avoid copying the fate of their Asian counterparts.
Bitcoin (BTC) sought damage control at the Aug. 5 Wall Street open as crypto markets bounced from a brutal sell-off.
Data from Cointelegraph Markets Pro and TradingView showed a $4,000 BTC price rebound following the start of the United States trading session.
Having dipped below $50,000 for the first time since February, Bitcoin had traders on edge as many predicted further downside as TradFi markets returned.
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Author: William Suberg
