The bitcoin price on Thursday edged lower to trade below $47,500 as traders moved to take early weekly profits. The price of the pioneer cryptocurrency is now moving closer to the 100-hour moving average in the 60-min chart. The bitcoin price seems to be trading within a descending channel formation after peaking on Wednesday. However, it is yet to cross to the oversold conditions of the 14-hour RSI, leaving room for more downward movement. 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 retail ... (full story)