- The crypto market traded flat to end the work week as the latest jobs report came in below expectations, but the fact that more than 200,000 jobs were added while the unemployment rate declined and wages continued to rise was a signal to investors that the Federal Reserve is likely to move forward with additional interest rate hikes.
Data provided by TradingView shows that Bitcoin bears made an attempt to break the back of support at $30,000 in the early hours on Friday, dropping BTC to a low of $29,805 before bulls rallied the defenses and pushed it back above support at $30,300 in afternoon trading.The push lower resulted in July Bitcoin futures prices trading lower in early U.S. trading, according to Kitco senior technical analyst Jim Wyckoff, who noted that “the bulls have lost just a bit of strength late this week.
Interesting. Not bueno at $30,200 for #Bitcoin, through which a sweep of $29,500-29,700 seems inevitable. pic.twitter.com/KLy5nw7Dmn