Bitcoin Extends This Week’s Gains to Trade at About $89,744

From fxdailyreport.com

On Friday, the Bitcoin price extended Thursday’s rebound from about $87,117 to trade at about $89,744 after the latest US data. The BTC/USD trades within a sideways channel formation in the 60-minute chart. The latest rebound pushed the price of the pioneer cryptocurrency a few levels above the 100-hour moving average line. As a result, it is on the verge of entering 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 Wednesday, the US initial jobless claims for last week fell to 199k, down from the preceding week’s ... (full story)