Bitcoin Price Charts Indicate Glimmer of Hope for Corrective Rally

Bitcoin‘s (BTC) struggle to build a notable bounce could end if prices beat key resistance above $3,600.

The leading cryptocurrency by market value fell to 15-month lows near $3,200 last week, pushing the 14-week relative strength index (RSI) below 30.00 for the first time since 2015.

So, with bitcoin so extremely oversold, a recovery rally cannot be ruled out – more so because there is evidence of bargain hunters challenging the bears’ resolve to push prices lower.

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