Bitcoin going to take a little hit in the medium term?
With the NFP coming in slightly lower than expected but not at a drastic number, it shows that US labour market still has life in it yet, I see potential pressure on the Crypto king. With a big week ahead next week, which will include the release of the the US CPI number and the FOMC minutes, concerns of what the FED may do will potentially weigh heavy on Bitcoin and boost the USD. In the medium term, first potential target $27206.93, 2nd potential target $26601.21
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.