đ Bitcoin Bounces Back! đ
Bitcoin (BTC) has risen 2.4% after retesting the $59,900 support level on Oct. 3, despite initial resistance at $62,000. What's driving this? A cocktail of macroeconomic factors!
- US employment data showed 254,000 new jobs in September.
- Japan hinted at economic stimulus.
- The US dollar hit a 50-day high against major currencies.
Interestingly, the usual inverse relationship between Bitcoin and the US dollar seems to be on a break. Could the "Milkshake Theory" be at play? đŠ
Join the discussion! What do you think is next for BTC? đŹ
