Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate
BTC price action stays in familiar territory as analysts discuss the true nature of estimate-beating payroll data.
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BLUR rose 23.4% in 24 hours and is now trading at 0.202 USDT
18/10/2023 23:50
Bullish
Bearish1
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Bitcoin price reaches $23.4K on 4.6% gains amid 'very mixed' outlook
A push towards the top of the intraday trading range places Bitcoin in line for a bull flag on daily timeframes.
CointelegraphBitcoin ‘bear market rally continues’ after BTC price jumps to $23.4K
The Fed rate hike and comments from Jerome Powell serve to buoy risk assets, with one analyst arguing that the worst of the bank's "hawkish" phase has already passed.
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