Bitcoin experienced a surge in price following favorable US unemployment data, rebounding from a recent dip to $65,000 as jobless claims came in lower than expected at 227,000. This positive news contributed to increasing odds of a Federal Reserve interest rate cut at the upcoming meeting on November 7, with probabilities rising to 92.9%. The BTC price approached resistance levels around $68,000, influenced by liquidation levels identified by traders. Notable trader Justin Bennett pointed out key price levels for potential liquidations and supports. Additionally, some analysts observed that recent price declines were partly due to aggressive long positions being closed. Trader Rekt Capital suggested that a sustainable breakout for Bitcoin could depend on closing above $67,900 in the current weekly candle. Overall, Bitcoin is showing signs of resilience as it attempts to solidify its price above critical support levels.

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