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Eyes on Bitcoin, USA Data! What is the expectation? What Time Will It Be Announced?
The critical day in Bitcoin has started as of now.
It seems that there has been a troubled process in the crypto money industry in recent days. The fact that the leading cryptocurrency Bitcoin (BTC) has not been able to break through the $ 31,500 resistance zone for a long time frightens crypto investors.
As of today, the United States of America (USA) is on the agenda of the crypto market. Data from the USA will directly affect the price movements of crypto assets.
Cryptocurrency investors will be watching the following US economic data today:
💥US Non-Farm Employment:
Previous: 339 thousand
Expectation: 225 thousand
💥US Unemployment Rate:
Previous: 3.7 percent
Expectation: 3.6 percent
As of today, for crypto assets to show upward movements, the US Non-Farm Employment data should come below expectations and the US unemployment rate data should come above expectations.
These 2 data, which will be announced at 15.30 CET, will directly affect the price movements of crypto assets.
Although more than 10 data will be released in the USA today, eyes will be on Non-Farm Employment and Unemployment.
As of yesterday, the US ADP Non-Farm Employment Change data came in well above expectations. With this data, it was observed that Bitcoin experienced a sharp decline.
In particular, the arrival of data similar to yesterday in Non-Farm Employment may cause Bitcoin to decline to 28 thousand dollars.
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