#BTC
‼️ Bitcoin tests support at $66,000
🟠 On February 11, the total market capitalization of cryptocurrencies fell by more than 3%, while Bitcoin and Ethereum lost over 4%. BTC dropped almost to $66,000, and ETH decreased to $1,920.
The sell-off intensified ahead of the release of U.S. labor market data, which will be significant for the Fed in determining interest rates and may increase volatility.
✅ The data indicates a weakening of selling pressure, but also a similarly weak subsequent rebound. Bitcoin may lack the momentum to reach $70,000, and the level of $69,000 could become an important consolidation zone.
BTC
66,079.88
-0.87%