The price of bitcoin (BTC/USD) on Friday bounced off $8,230, a new 10-day low, to surge above $8,470 as bulls fought to take control. The bitcoin price has been on a downward movement since late last week amid increased bearish pressure in the market sentiment. The pice of the pioneer cryptocurrency to the US dollar has now pulled off overbought levels of the RSI indicator in the 60-min chart after the latest pullback. This comes following a two-week rally that had propelled it to top $9,170. Bitcoin Price Fundamentals Overview From a fundamental perspective, bitcoin is trading at the back of a relatively quiet ... (full story)