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Bitcoin Whipsaw Continues As Traders Struggle for Direction
Bitcoin is attempting to recover this week following heavy selling last week which saw the futures market slip more than 10%. The bulk of last week’s downside action came as the Dollar failed to break lower on the latest US jobs report. Despite the headline NFP undershooting forecasts, stronger wage growth and a lower unemployment rate saw USD ultimately trading higher on the back of the data, showing that the barrier to further downside in the greenback has been raised in the wake of July/August selling. It's been a frustrating period for BTC bulls recently with the market grinding lower within the range which has ... (full story)
