Browsing: Bitcoin (BTC) Price

After last month’s highly impressive US jobs report, which showed that the local economy had added 162,000 jobs (later revised to 133,000), all eyes turned to today’s new release, with expectations standing at 90,000 new non-farm payrolls.

Bitcoin is trading around $84K after a strong recovery from the $60K area over the past couple of months. The charts show that BTC has moved back above its major moving averages, while the shorter-term structure remains constructive but capped by a clear supply zone. Meanwhile, adjusted SOPR has recovered above 1, suggesting that realized…