.davidgokhshtein believes Bitcoin will break out soon, an analyst tweeted likewise. $BTC
As October kicked off, Bitcoin managed to recapture the $20,000 level and even rise to a local peak of $20,395 on Oct. 6. However, later on, BTC slipped to an intraday low of $19,700 after the release of the September jobs report.
The U.S. Labor Department issued a stronger than expected report on unemployment. Instead of the predicted 255,000 new jobs added to the market, the report spoke of 263,000 new jobs. Thus, the unemployment rate fell from the expected 3.7% to 3.5%.The U.S. stock market and Nasdaq index futures slipped, taking Bitcoin along with them down the hill.
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