The bitcoin price on Friday bounced off the trendline support at about $39,808 to trade at about $40,269 after the latest round of data. The BTC/USD continues to trade within a sideways channel formation in the 60-minute chart. Bitcoin has now advanced to trade above the 100-hour moving average line. As a result, the price of the world’s most popular cryptocurrency is moving 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 Friday, the US personal consumption ... (full story)