Bitcoin price taps $29.3K as data shows ‘most resilient’ US jobs market
Bitcoin offers slight volatility after fresh U.S. macro data, but BTC price behavior remains firmly rangebound.
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Bitcoin offers slight volatility after fresh U.S. macro data, but BTC price behavior remains firmly rangebound.
Bitcoin’s record low volatility is also a sign that the next price breakout will be volatile, but everyone is guessing which direction the price will go and how it will…
Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support.
Bitcoin has the chance to set off on a "parabolic curve" as the U.S. dollar index threatens to dive below 100, a popular trader says.
The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term.
The bulls are trying to nudge Bitcoin above the critical resistance of $31,000, which may start a broad-based crypto rally.
An onslaught of Bitcoin ETF applications could help BTC price find long-lasting support at the $30,000 level.
The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins.
Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto markets.