BTC drops below $20,000 as markets prepare for Friday's NFP report
Following a high of $1,612.36 on hump day,/USD dropped to a low of $1,536.55 on Thursday, falling below its floor of $1.550 in the process.
Shortly after this breakout, bulls opted to return, buying the dip, which has in turn pushed prices back above this support point.As of writing, ethereum is now tracking at $1,577.39, with the RSI currently at 46.69, with bulls still targeting a resistance level of 50.00. Depending on the sentiment of tomorrow’s jobs report, we could see bullish pressure intensify, sending prices above not only $1,600, but close to $1,700.
However, there are still some signs of bears in the market, which could trigger a price reversal, especially the closer we get to the ceiling of $1,625.Tags in this story
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