Bitcoin's price future is expected to be influenced by upcoming U.S. labor market data, according to analyst Benjamin Cowen. He notes the importance of average hourly earnings, nonfarm employment changes, and the unemployment rate in determining BTC's short-term direction. Cowen also mentions the European Central Bank's potential rate cuts. Key technical indicators like Bitcoin's 20-week SMA and 21-week EMA currently suggest a bullish support band. Bitcoin is trading at $70,151, up nearly 2% in the past 24 hours. #Bitcoin #CryptoMarket

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