Bitcoin (BTC) Price: Weekly Close Could Make or Break Bitcoin’s Next Move
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TLDR Bitcoin fell to $74,762 on Friday, its lowest level since Aug. 21, before recovering to about $76,000. The US economy added 165,000 jobs in October, well above the 65,000 forecast, which lifted December Fed rate hike odds. BTC is on track for a 2% weekly loss, its fifth in a row. Analysts point to $75,500 as key support, with $69,000 in view if it fails. Bitcoin spot ETFs recorded $412 million in net outflows on Nov. 6. Bitcoin (BTC) traded near $76,000 on Friday after a choppy session. The price dipped to $74,762 early in the US session, its lowest level since Aug. 21. The drop came after the US stock open, when BTC moved differently from equities.
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