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Bitcoin, Ethereum Technical Analysis: ETH, BTC Higher Following US Nonfarm Payrolls Report

December 2, 2022

Category:

Bitcoin

Bitcoin (BTC) was once again trading above the $17,000 level, following today’s U.S. nonfarm payrolls (NFP) report.

Today’s data was expected to show an addition of 200,000 jobs to the American economy, which would have been less than October’s figure of 260,000. However, the numbers came in better than expected, at a level of 263,000.

BTC/USD rose to a high of $17,197.50 ahead of the news, which comes less than a day after prices were at a bottom of $16,888.39.

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