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Bitcoin Pulls Back Off Session Highs to Trade at About $50,984
The Bitcoin price on Friday pulled back off the session highs of about $52,000 to trade at about $50,984 after the latest US data. The BTC/USD continues to trade within a descending channel formation in the 60-minute chart. Bitcoin has now fallen to trade a few levels below the 100-hour moving average line. As a result, the pioneer cryptocurrency seems to be moving closer to 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 initial jobless claims for the week ... (full story)