Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday's US jobs...
Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve's taper outlook based on non-farm payroll numbers. The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve's taper timing. Bitcoin corrects after logging its week-to-date high of $49,667. Source: TradingView.comIn detail, the Fed chairman Jerome Powell delivered a mildly dovish....
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Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July.
Bitcoin
Ahead of the nonfarm payrolls report, bitcoin (BTC) was back in the green on Friday, as the token rebounded following recent declines.
Following a low of $22,485.70 in Thursday’s session, BTC/USD rallied to a peak of $23,354.13 earlier in the day.
The move came....
A remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date.
Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region.
Bitcoin
Bitcoin (BTC) briefly fell below $20,000 on Thursday, as crypto traders began to anticipate tomorrow’s non-farm payrolls report.
Following an additional 528,000 jobs in the U.S. economy in July, last month’s figure is expected to show an....
Bitcoin (BTC) despite showing bearish signs against tether (USDT) as the price plunged to $18,500 recently, with many traders and investors sweating on their long open position. The price of Bitcoin (BTC) quickly bounced off from that region after forming a bullish divergence on the four-hour chart and has shown no intention of stopping. (Data from Binance) Related Reading: Cosmos Touches Highest Point Since May As ATOM Expands 25% Bitcoin (BTC) Price Analysis On The Weekly Chart The price of BTC has had a tough time maintaining the bullish momentum it has shown in recent weeks as the....
Bitcoin exploded above $34,000 for the first time on Sunday, prolonging a record-shattering rally that yielded more than a 300 percent gain in 2020.