Bitcoin Price Analysis: BTC Extends Retreat to Sub $63K, Threatening Retracement to $55K

The post Bitcoin Price Analysis: BTC Extends Retreat to Sub $63K, Threatening Retracement to $55K appeared first on Coinpedia Fintech News On February 24, the price of Bitcoin (BTC) fell below $63,000, hitting an intraday low of $62,694. At press time, the overall relative strength index (RSI) was at 43.21, reading oversold, similar to the Mt Gox and COVID-19 crises. Chairman and CEO of JPMorgan Chase & Co., Jamie Dimon, noted parallels in the current market …