On Friday, the Bitcoin price continued sideways movement around $121,255 after bouncing back from Thursday’s lows of about $119,835. The BTC/USD trades within a descending channel formation in the 60-minute chart. The price of the pioneer cryptocurrency continues to trade slightly below the 100-hour moving average line, despite the latest rebound. As a result, it 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. Earlier in the week, US MBA mortgage applications fell by 4.7% compared to a ... (full story)