Category: Forex News
Bitcoin (BTC) News Today: Return to $69,000 Hinged on US Job and Flow Data
The total crypto market cap increased by 1.63%, ending the Thursday session at $2,466 billion. However, dogecoin (DOGE) and shiba inu (SHIB) saw further losses. DOGE fell by 0.06%, with SHIB ending the session down 5.20%. Investors continued to lock in profits after hitting highs on Tuesday (March 5).
Technical Analysis
Bitcoin Analysis
BTC hovered well above the 50-day and 200-day EMAs, sending bullish price signals.
A BTC move to the Tuesday high of $69,064 would give the bulls a run at the all-time high of $69,276 and $70,000.
BTC-spot ETF market flows and the US Jobs Report need consideration.
However, a fall below the $66,000 handle could signal a fall toward the $59,176 support level.
The 14-Daily RSI reading, 73.83, shows BTC sitting in overbought territory. Selling pressure may intensify at the Tuesday high of $69,064.
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