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Coin Journal

Bitcoin holds above $80,800 as bulls target $85k ahead of NFP

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Bitcoin holds above $80,800 as bulls target $85k ahead of NFP
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Bitcoin held above $80,800 on Friday as traders positioned ahead of the U.S. Nonfarm Payrolls report, the next potential catalyst for crypto and broader risk assets. The week’s move pushed BTC up more than 4%, while the market watched Fed expectations for the next monetary policy decision. Technically, BTC remained above its 50-day ($71,126), 100-day ($69,696) and 200-day ($72,539) exponential moving averages, keeping the uptrend supported. Resistance sits near $85,000; a decisive daily close above it could extend gains, while failure may bring consolidation. Ethereum also closed above $2,500.

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