BTC Price Surge to $112K Signals Big Move

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Bitcoin’s relief bounce above $112,000 liquidated shorts as analysts said BTC price may get an additional boost from the US jobs report.

Bitcoin breaks back above $112,000 on Friday as bulls clinch key support.

More crypto market volatility is expected after the release of the US jobs report later on Friday.

Bitcoin touched $112,900 at the start of the European trading session on Friday as traders slowly flipped bullish on BTC price action ahead of US jobs data.

Shorts punished in $112,000 BTC price rebound
Bitcoin bulls were attempting to flip key resistance levels into support, data from Cointelegraph Markets Pro and TradingView showed. 

This included the $111,500-$113,000 zone, which formed the most significant clusters of ask liquidity on exchange order books.   


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