Analyst Sees Bitcoin Path to $97K as Weak Jobs Data Shift Fed Odds
Bitcoin’s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares. The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter. Softer Jobs Data Put Bitcoin’s $87K Barrier in Focus Bitcoin broke through $85,000-$86,000 overnight and was testing $87,000 on Oct. […]
Key Takeaways
- Bitcoin’s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares.
- The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter.
- Softer Jobs Data Put Bitcoin’s $87K Barrier in Focus Bitcoin broke through $85,000-$86,000 overnight and was testing $87,000 on Oct.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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