BTC price drops 4% after US JOLTS data as Bitcoin traders warn of a $92,000 decline

Bitcoin analysis blames "manipulation" for the abrupt BTC price adjustment of over $4,000 in just a few hours.

BTC fell 4% on January 7 as the price movements became "predictable," drawing the attention of whales.

“Fake” Bitcoin causes support levels to collapse

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as the price fell below $98,000.

This move occurred against the backdrop of macroeconomic reactions to the US Job Openings and Labor Turnover Survey (JOLTS) data, showing an increase in hiring contributing to a robust labor market.

“The market was pushed down due to the JOLTS increase; however, if initial jobless claims do not rise, then an increase in JOLTS means one thing - JOB CREATION,” noted renowned trader and YouTube channel host Matt Cowart in a post on X.

83665606400