Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Friday, as NFP Report Looms
Cryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs will have been added to the United States workforce, which comes as job openings once again trended higher. Bitcoin moved away from a recent floor of $20,060, with ethereum surging closer to $1,600 ahead of today’ ;s report. Bitcoin Bitcoin (BTC) prices rebounded on Friday, as markets began to prepare for the release of October’s nonfarm payrolls report. The jobs day report is expected to show that 200,000 jobs were added to the U.S. economy last month, lower than September’s figure of 263,000. BTC/USD rallied to a peak of $20,642.81 ahead of the report, moving away from Thursday’s low of $20,086.24 in the process. BTC/USD – Daily Chart Today’s surge sees the world’ ;s largest token move towards a ceiling of $20,800, which was last hit on October 30. Since last week’s failed break...