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Bitcoin Extends Sideways Movement Below the 100-Hour MA
The Bitcoin price on Friday continued to trade in a sideways movement following the latest round of data. The BTC/USD oscillated between $65,297 and $63,685 within a sideways channel formation. The price of the pioneer cryptocurrency continues to oscillate below the 100-hour moving average line. As a result, Bitcoin still has a lot of room to run on either side of the curve in the 14-hour RSI. From a fundamental perspective, the BTC/USD is trading at the back of a relatively busy period in the US market. On Friday, the core personal consumption expenditures price index for March exceeded the (YoY) expectation of 2.6% ... (full story)