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BTC/USD: Fails at 50 Day EMA
The Bitcoin market rallied a bit during the course of the trading session on Friday, but at the Non-Farm Payroll Announcement has been horrific, with the United States adding just 22,000 jobs during the month of August, instead of the expected 75,000. This has been a major “risk off” trading session, which will have a major influence on whether or not institutional traders are willing to jump in and start buying Bitcoin.While I believe that most traders were looking for interest rate cuts in the September meeting from the Federal Reserve, the question now is going to be “How many rate cuts between now and the ... (full story)
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