Bitcoin’s 200-Day Average About to Lose Bullish Momentum; NFP Eyed

Bitcoin’s 200-Day Average About to Lose Bullish Momentum; NFP Eyed

“Despite the dollar’s weakness, the financial markets are still in an anxious and expectant mood, which is not helping Bitcoin as much as it is helping gold,” Kuptsikevish said in an email to CoinDesk. “A critical technical support level for the BTCUSD remains just above $54,000, but slippage in the event of a volatility spike could see the price briefly drop below $53,000.”