Bitcoin (BTC) fell prior to the Feb. 3 Wall Street open as fresh United States economic data came in “hot hot hot.”
“Think again” over U.S. recession
маалыматтарды Cointelegraph Markets Pro жана TradingView followed BTC/USD as it erased gains from earlier in the day to center on $23,000 support.
The pair reacted negatively to АКШдагы жумушсуздук боюнча маалыматтар for January, which beat expectations so considerably that overall jobless figures fell to their lowest since 1969.
Non-farm payrolls (NFP) data likewise outperformed, while average hourly earnings conformed to forecast 0.3% growth.
“HUGE beat in NFP,” popular analytics account Tedtalksmacro жооп Твиттерде.
Кайрылууда алдын ала from the day prior, Tedtalksmacro eyed a potential opportunity to increase Bitcoin exposure, given the latest come-down, which it said could take BTC/USD all the way to $20,000.
“An opportunity to reload on this news, potentially,” a further tweet Досторду кошо элек.
Bitcoin’s cold feet come from the implication that a stronger-than-forecast labor market allows the Federal Reserve to maintain tighter, less liquid monetary conditions for a longer period of time.
“US economy sliding into a recession? Well, think again. At least not in the near term,” economist and analyst Jan Wüstenfeld уландысы.
$25,000 Bitcoin now “crowded trade”
As Cointelegraph reported, the Fed raised interest rates by 0.25% this week, in line with almost all expectations, while Chair Jerome Powell caused excitement by using the term “disinflation” in accompanying comments.
байланыштуу: Биткойн букалары бул 2 деңгээлди калыбына келтириши керек, анткени "өлүм крест" дагы эле жакындап келе жатат
BTC/USD thus spiked above $24,000 for the second time in as many days, with market participants still hopeful of a trip to $25,000 before a more significant retracement.
“BTC has had a clean breakout above its macro downtrend line + a backtest,” investment research resource Game of Trades деген.
“The next big resistance to clear is the $25k region.”
Popular trader Crypto Tony nonetheless мойнуна алды that that target may no longer materialize.
“$25,000 is my main target, but I am seeing now a lot of people asking for this, and is becoming a crowded trade,” he wrote in part of a fresh update on the day.
Бул жерде айтылган көз-караштар, ойлор жана ой-пикирлер бир гана авторлорго таандык жана алар Cointelegraphтун көз-караштарын жана көз-караштарын чагылдырбайт.
Source: https://cointelegraph.com/news/20k-bitcoin-may-return-says-analyst-as-us-unemployment-hits-54-year-low