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Bitcoin Scenarios to Monitor Ahead of Non-Farm Payroll
Bitcoin continued sideways today in what feels like never-ending consolidation. The sideways price action began around March 18th and hasn’t let up since. But that could change with non-farm payroll (NFP) on Friday. Of course, there’s no guarantee that NFP will force a resolution to this consolidation, but there’s a decent chance it could. We saw BTC break higher from the triangle I mentioned the other day. However, Bitcoin bulls failed to hold new support at $28,240. We typically see a fakeout like this trigger an extended move in the opposite direction, but we’ll see how tomorrow’s NFP shakes out. ... (full story)
