BTCUSDT: Slight decrease
Updated
Hello, wonderful friends of Karina. BTCUSD has slightly increased by 0.45% in the early trading hours, moving around the level of 43,486 USD and within a downward trend channel.
As such, the price of bitcoin, like other assets, is greatly influenced by macroeconomic developments. This includes the release of the Non-Farm Payroll (NFP) report by the U.S. Bureau of Labor Statistics (BLS). This time, the NFP data is expected to cause a decrease in the value of BTC.
On the analysis chart: A breakout move could bring BTCUSDT to the support zone around 42,000 USD.
As such, the price of bitcoin, like other assets, is greatly influenced by macroeconomic developments. This includes the release of the Non-Farm Payroll (NFP) report by the U.S. Bureau of Labor Statistics (BLS). This time, the NFP data is expected to cause a decrease in the value of BTC.
On the analysis chart: A breakout move could bring BTCUSDT to the support zone around 42,000 USD.
Trade active
Related publications
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.