Bitcoin Fights To Regain $94,000: What Does Technical Analysis Say?

Bitcoin (CRYPTO: BTC) is seeing volatile trading on Friday, briefly regaining the $95,000 market before slumping below $94,000 on a hotter-than-expected jobs market report.

What Happened: The apex cryptocurrency is trading down 2% over the past 24 hours, having visited the $92,000 and $95,000 marks within this timeframe.

Prominent technical analyst DonAlt remains somewhat upbeat about its prospects, despite current volatility.

In his latest technical analysis podcast published on Wednesday, DonAlt acknowledged that recent pullbacks have caused concern but stressed that Bitcoin’s high timeframe charts remain strong.

He suggests the reaction to recent dips might be overblown, stating, “Bitcoin still looks quite decent. I think $150,000 would already …

Full story available on Benzinga.com

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