Bitcoin (BTC) is showing positive momentum as it turns green for the month, leading investors and traders to speculate about the end of the prolonged bearish trend. However, strong economic indicators for the US Dollar, such as the Non-Farm Employment Change and the Unemployment Rate, could impact Bitcoin's price by causing investors to shift their focus towards traditional assets.
BTC/USD is currently trading at $29,454, with a nearly 2.5% increase on Friday, attributed to market tensions arising from concerns about banks. Bitcoin may encounter immediate support near the $27,600 level, and if it succeeds in breaking above $29,600, its price could move towards $30,400.
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