The bitcoin price on Friday extended gains to a new 18-month high of about $38,103 before pulling back later to settle at $37,715. The BTC/USD continues to trade within an ascending channel formation in the 60-min chart. The price of bitcoin has now rallied to trade several levels above the 100-hour moving average line. As a result, the price of the pioneer cryptocurrency appears to be on the verge of entering 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 market. The pioneer ... (full story)