Bitcoin (BTC) is on the edge of the cliff once again. The last chance saloon of around $55,800 is all that is holding Bitcoin up. If the price falls through this last support, there is nothing to catch it before it falls to $52,000. Is the plunge about to take place?
Jobs data out on Friday – 50 basis point rate cut becoming likely?
With a nervously awaited non-farm payroll report being released later on Friday, and the U.S. stock market showing anticipatory weakness, there’s not much good news to spur the Bitcoin price.
U.S. jobs data has taken over from inflation as the new priority for the Federal Reserve, and recently published figures, and especially the later downward revisions in this data, are giving cause for huge concern. The CME fedwatch tool, which displays the market expectations for future Fed rate cuts, is showing that the market is starting to believe that a 50 basis point rate cut this month is fast catching up with the Fed projection of 25 basis points
We współpracy z: https://cryptodaily.co.uk/2024/09/bitcoin-btc-last-support-before-the-plunge
