The bitcoin price on Thursday pulled back to trade at about $34,316 before bouncing back to settle at about $34,860. The price of the pioneer cryptocurrency appears to be trading within a descending channel formation in the 60-min chart. Thursday’s late rebound helped the BTC/USD to recover above the 100-hour moving average line. As a result, bitcoin avoided falling into the oversold 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 claims data for the week ending October ... (full story)