The US jobs market report for March is set for release on Friday and has the potential to really shake things up in the Bitcoin market.

A stronger jobs report could be the catalyst to push Bitcoin lower again towards support-turned-resistance in the $26,500 area, or even support around $25,500.

A weaker-than-expected report could push Bitcoin above recent highs in the mid-$29,000s, above $30,000 and on towards the key $32,500-$33,000 resistance area.

Of course, there is always a risk that a weak report hurts Bitcoin as people worry about an incoming US recession, and that a strong report helps Bitcoin as people’s recession fears ease.