Bitcoin Rebounds to $65,000 as US Jobs Report Looms

Bitcoin has reclaimed the $65,000 mark ahead of the highly anticipated US jobs report. This comes as Ethereum holds strong above $1,900 and the total crypto market cap adds a significant $70 billion this week.

The price of Bitcoin at $65,051.12 is currently testing its upper Bollinger Band resistance at $65,088.35, with a neutral RSI reading of 63.99 and a MACD golden cross at 269.45. This technical setup suggests that a probable retracement toward the EMA50 support at $64,134.83 may be imminent before any further advance.

The crypto market has been experiencing significant volatility in recent days, with $157 million in liquidations over the past 24 hours. However, despite this, prices remain resilient, indicating a strong bullish trend above the EMA200 level at $63,654.77.