✉news BusinessCrypto first seen 7 h ago, last 1 h 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 sell wall around $85,000 was cleared, according to The Block. The rally comes as US jobs data disappointed, fuelling expectations of looser monetary policy. Traders are watching whether the cryptocurrency can break decisively above resistance and sustain the move.
Why now: Bitcoin's approach to a multi-month high on weak US jobs data has drawn attention to the prospect of a major breakout.
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h 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