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Bitcoin Rallies Above 100-Hour MA to Trade at About $67,668

From fxdailyreport.com

The Bitcoin price on Friday extended gains to trade at about $67,668 following the latest round of data. The BTC/USD continues to trade within an ascending channel formation in the 60-minute chart. The Bitcoin price has now advanced to trade a few levels above the 100-hour moving average line. As a result, Bitcoin appears to be 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 nonfarm payrolls for February came in better than expected with 275k ... (full story)

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  • Category: Technical Analysis