✉news BusinessCrypto first seen 5 h ago, last 10 min ago, peak #6
Bitcoin nears highest level since January as 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 price since January after a large sell wall around $85,000 was cleared, removing resistance above the market. The move was reinforced by disappointing US jobs data, which strengthened expectations of looser monetary policy and lifted appetite for risk assets including cryptocurrencies.
Why now: Traders are reacting to the combination of technical resistance breaking and weak US labour market data boosting rate-cut expectations.
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