View full page at cryptocraft.com

 

Shrinking Bitcoin Supply Points to Higher Prices

From tickmill.com

Bitcoin is starting the week on a softer footing following the surge higher we saw on Friday. BTC futures recovered off last week’s lows with a more than 5% rally over Friday, also gapping higher at the open this week before softening into the European open today. The rally on Friday came in response to the latest US jobs report which saw the headline NFP confirming a sharp drop in jobs growth. At 139k, the NFP was a little firmer than the 127k forecast, but well down from the prior month’s 177k reading, keeping near-term Fed easing expectations intact. Traders are currently pricing September as the projected point ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis