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Bitcoin Begins to Recover! Are BTC Drops Over?
Critical hours continue in Bitcoin.
The leading cryptocurrency Bitcoin (BTC) is exhibiting volatile movements in line with US economic data as of today. Although the US unemployment data is partially positive, the Non-Farm Employment Change data has hit the crypto market badly.
With the US dollar index (DXY) making an upward jump in the last hours, BTC, which has regressed to $ 29,850, is trading at $ 30,300 at the time of writing at 19:40 TSI.
Although Bitcoin has not been able to compensate for all the recent declines, the fact that it managed to stay above 30 thousand dollars gave hope to investors.
What Could Happen to Bitcoin (BTC) in the Coming Hours?
As of now, many crypto investors are wondering if the declines in the leading cryptocurrency Bitcoin (BTC) are over. Although it is not possible to know this, the reaction of BTC can be considered positive.
If there is no bad news in the coming hours, Bitcoin is expected to rise to the level of $ 30,750. Whether BTC can exceed this level will determine the course of the crypto market.
If it exceeds the $ 30,750 resistance, BTC can target the $ 31,500 levels again, and if it is rejected from this resistance, it can fall back to the $ 29,850 levels.
As of tomorrow, the US Non-Farm Employment Data will be released. If this data is as negative as today, it may affect crypto assets badly.
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