The Bitcoin price on Friday pulled back off the session highs of about $63,467 to trade at about $60,991 after the latest round of data. The BTC/USD has completed a downward breakout from an ascending channel formation in the 60-minute chart. Bitcoin has now plummeted to trade below the 100-hour moving average line. As a result, the price of the pioneer cryptocurrency appears to be on the verge of entering the oversold conditions in 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 ... (full story)