The main Bitcoin levels to watch the NFP report on Friday

Benzinga and Yahoo Finance LLC may earn commission or revenue on some elements through the links below.

Bitcoin has been flexible in recent weeks, currently having about $ 95,000 as of April 29. With the market participants turning into their focus on the report of the upcoming non -cultivated salary statements on Friday, traders and investors alike monitors the main technical levels to measure the next possible Bitcoin step.

Weekly levels of focus

The upgrade of the higher time frames, one of the most important levels to be monitored is a decrease of 0.618 Vibonacci for the current weekly scope – from an altitude of $ 110,000 to $ 74,450. This level sits at $ 96,433, higher than the current price. A clean break and its closure over this area may lead to strength and open the door at higher levels.

Do not miss:

Another important indication of the weekly graph is the 50 -week EMA, which has proven to be reliable support. Bitcoin found a strong interest in buying at $ 75,000, as EMA wore and quickly restored the land-a sign that buyers are defending this support level.

If Bitcoin managed to move beyond the spread of 0.618, the next goal will be about $ 104,460, which was a strong resistance earlier this year. The price that was rejected before here and closed less than this level, so it will be a great milestone.

Moreover, the ultimate goal remains the highest level ever at $ 110,000. The collapse beyond this level would represent a continuation of the broader upward trend and may enter into a new wave of momentum of institutional and retail participants.

Go: New in Crypto? Get up to $ 400 in bonuses to successfully complete short educational courses and make your first eligible trade On Coinbase.

Daily support levels to watch

While the weekly image appears constructive, it is important not to ignore the main daily levels, especially with potential fluctuations about the launch of the NFP.

• 92,700 dollars is the main daily level – it represents the lowest level in the current week and an important swing point. If the price starts to close at the bottom of this area, it may indicate the construction of weakness on low time frames.

• Less than that, 91,619 dollars is another task swing point as the price was reflected recently. This level can serve as short -term support or lead to more negative aspects if broken.

• The next main level is $ 88,752, which is a previous resistance area where Bitcoin has been rejected three times before the exit. Constipation over this area is very important to maintain the upper structure of the upper timeline.