© Reuters
Investing.com – Uncertainty remains the dominant theme on Friday morning, with the cryptocurrency remaining locked in the triangle of indecision visible for more than 2 weeks, having ignored several key events since the start of the week.
Indeed, bitcoin reacted very little to meetings of the Fed and the ECB, and also reacted little to the setbacks of regional bank US Pacwest, while previous episodes of banking collapses had tended to benefit at BTC.
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As for this Friday, the economic calendar will be marked by the NFP report on US job creations, but there is no reason to believe that Bitcoin will be influenced by this event, unless job creations US are proving strong enough to challenge expectations of a Fed rate hike pause.
Technical thresholds to watch on Bitcoin
Finally, in terms of advising the important thresholds to watch, it should be noted that the first key support for Bitcoin is the $26,800/27,000 zone.
A break below this threshold would constitute a bearish chart signal, which would put the focus on the next support zone composed of the threshold of $26,000 and the 100-day MA at $25,780, before the key threshold of $25,000.
On the upside, the major psychological threshold of $30,000 is the first resistance to consider, ahead of this year’s high, near $31,000.