Bitcoin Trades Sideways Below the 100-Hour MA After Pullback

From fxdailyreport.com

The bitcoin price on Friday extended sideways movement around the $26,650 level following the latest round of US data. The BTC/USD appears to be trading within a gently ascending channel formation in the 60-min chart. Bitcoin remains a few levels below the 100-hour moving average line after Thursday’s pullback. The pioneer cryptocurrency has since recovered slightly to return to the normal trading zone of the 14-hour RSI. Bitcoin Price Fundamentals Overview From a fundamental perspective, the price of the BTC/USD is trading at the back of a relatively busy period in the US market. On Friday, the preliminary US ... (full story)