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.

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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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