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Bitcoin Recovers From 2-Week Lows to Trade at About $109,525
On Friday, the Bitcoin price extended Thursday’s gains to trade at about $109,525 after the latest US economic data. The BTC/USD trades within an ascending channel formation in the 60-minute chart. However, the price of the pioneer cryptocurrency continues to trade below the 100-hour moving average line, despite the rebound. Therefore, Bitcoin 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. The government shutdown has now been for four weeks as Congress remains in a stalemate ... (full story)
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