Bitcoin Price Prediction – Can BTC Stay Above $20,600 Into The Weekend?
The Bitcoin price is rising during the European session, breaching the descending triangle pattern at $20,400. Recalling the Asian session's Bitcoin price prediction, the market was waiting for non-farm payrolls and the unemployment rate in the United States to determine further price action . A day after the Federal Reserve announced another rate hike, the government released its final jobs report before the midterm elections, showing that the unemployment rate had remained unchanged at 3.7%. Let's take a closer look. US Non-farm Payroll & Unemployment Rate US Non-farm Payroll: According to the US Bureau of Labor Statistics , more than twice as many jobs were added to the US economy in October 2022, with 261,000 new positions created. This is the lowest reading since December 2020, but data nevertheless hint at a robust, if sluggish, labor market as worker shortages continue to bite. US NFP - Source: US Bureau of Labor Statistics ...