Bitcoin, Ethereum Technical Analysis: BTC Drops Below $20,000 Ahead of US Nonfarm Payrolls Report
Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release. Bitcoin Bitcoin (BTC) was back below $20,000 on Friday, as traders continued to anticipate this afternoon’s nonfarm payrolls (NFP) report. September’s payrolls are expected to come in at 250,000 jobs, with many believing that we could likely see the report come in better than expected. BTC/USD fell to a low of $19,864.57 in today’s session, less than 24 hours after trading at a high of $20,294.39. BTC/USD – Daily Chart Ultimately price uncertainty has increased in recent days, as the U.S. dollar began to strengthen, after recent declines. The 14-day relative strength index (RSI) is currently tracking marginally above a floor of 51.00, with the next resista...