The bitcoin price on Thursday bounced off the key support at about $28,226 to trade at about $28,780 following the latest round of data. The BTC/USD appears to be trading within an ascending channel formation in the 60-min chart. Bitcoin has now ascended to trade a few levels above the 100-hour moving average line. As a result, the price of the pioneer cryptocurrency appears to be edging closer to the overbought levels of the 14-hour RSI. Bitcoin Price Fundamentals Overview From a fundamental perspective, the BTC/USD is trading at the back of a relatively busy period in the US market. On Thursday, the US initial ... (full story)