Bitcoin rose in October, but that does not imply that the bulls have total control. Macroeconomic data has allowed the price to fall an average of 22% each time it exceeds 66,150 USD.
The U.S. economy generated only 12,000 jobs in October, the lowest level since the COVID crisis in December 2020 🚨 and far from the 100,000 expected by analysts.
In addition, the figures for September and August were revised down by 31,000 and 81,000 jobs, totaling a loss of 112,000.