✉news BusinessCrypto first seen 13 h ago, last 44 min ago, peak #6
Bitcoin nears January high as $85,000 sell wall clears
Original: Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints
Bitcoin is approaching its highest level since January after a large $85,000 sell wall was cleared, while weaker-than-expected US jobs data added to the move. Soft labour figures boosted expectations that the Federal Reserve may ease monetary policy, supporting risk assets including cryptocurrencies. Traders are watching whether Bitcoin can break through the key resistance level.
Why now: A combination of technical breakout signs and weak US jobs data is driving renewed interest in Bitcoin's price rally.
Rank over time, top of the chart is #1. 10 snapshots from 13 h ago to 44 min ago.
Evidence
- Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints · The Block
API: https://socialmediatrends-api.osmike.com/v1/trends/749123