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Bitcoin Bounces Off Session Lows to Trade at About $105,167
On Friday, the Bitcoin price bounced from the session lows of about $102,842 to trade at about $105,167. The BTC/USD trades within an ascending channel formation in the 60-minute chart. The price of the pioneer cryptocurrency continues to trade slightly below the 100-hour moving average line. As a result, it still has room left to run before reaching the overbought levels of the 14-hour RSI. From a fundamental perspective, the BTC/USD trades during a relatively busy period in the U.S. market. On Friday, the preliminary Michigan Consumer Sentiment Index for June improved to 60.5, up from 52.2 in May, beating the ... (full story)
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