Bitcoin Price Above $21k; Will a New Support Form?
Join Our Telegram channel to stay up to date on breaking news coverage The bitcoin price has moved above its $21k resistance after the arrival of the US Jobs Report revealed better-than-anticipated statistics. Labor participation has gone through only a little change, and the unemployment rate is marginally above what economists previously predicted. Add to that, the number of new jobs generated in October is also above what many thought it would be. The anticipation led to a positive impact on the bitcoin price action. It has moved past its psychological resistance of $21k and is still holding strong at its psychological support of $20k. But will it hold up? Bitcoin Price Prediction: How Long Can it Remain Above $12k The crypto market is currently erratically volatile, and investors were pinning their hopes for Bitcoin rallies on the FOMC minutes and the recent release of the US Jobs Report . And thanks to somewhat positive news, Bitcoin’s price has surged above ...