The Bitcoin price on Friday bounced off the key support at about $70,321 to trade at about $71,075. The BTC/USD appears to be trading within a sideways channel formation in the 60-minute chart. The price of the pioneer cryptocurrency continues to trade a few levels above the 100-hour moving average line. Despite the rebound, Bitcoin seems to have some room left to run before reaching the overbought levels of the 14-hour RSI. Bitcoin Price Fundamentals Overview From a fundamental perspective, the BTC/USD is trading at the back of a relatively busy period in the US market. On Thursday, US initial jobless claims for the ... (full story)