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Bitcoin Price Prediction as Bulls Push BTC Toward $70,000 – Here are Levels to Watch Next
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During the US session, the leading cryptocurrency, Bitcoin, continued to flirt with the $71,000 level. However, it failed to sustain above this level, closing as a spinning top candle on the 2-hour timeframe, indicating a potential reversal.
This has caused a minor correction, and currently, Bitcoin is trading at the $70,250 level.
On the fundamental front, the number of job openings in the US has fallen for the second consecutive month, reaching a three-year low.
According to the latest Job Openings and Labor Turnover Survey (JOLTS) report, there were 8.06 million job openings in April, down from 8.36 million in March and the lowest since February 2021. Economists had expected the number to remain at 8.36 million.
Read more on cryptonews.comAbout this in other media
Bitcoin Price Prediction as BTC Falls to Lowest Level in 30 Days – What’s Going On? cryptonews.com /4 months ago
Bitcoin Price Prediction: BTC Drops to $67,000 – Where’s the Next Support? cryptonews.com /4 months ago
Bitcoin Price Prediction as US Core Inflation Rate is Announced – Bullish or Bearish? cryptonews.com /4 months ago
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