Critical data came from the US today. The figures for US unemployment benefit claims were announced. According to the data, the number came in at 212,000. Expectations were that it would be 219,000. The previous figure was updated to 220,000. It appears that the number has come in below expectations. Following the data, let’s take a look at the prices of Bitcoin and other cryptocurrency units.
Bitcoin and Cryptocurrencies After the Data Release
Following the US unemployment benefit claims data, Bitcoin and other cryptocurrency prices show that Bitcoin continues to hold above $52,000. At the time of writing, the price has slightly retracted to $52,217. From this perspective, it seems that Bitcoin’s price is very minimally affected by the data released in the US.
Looking at the price of Ethereum, we see that the leading altcoin, ETH, has crossed $2,800. The price is at $2,802 at the time of writing.
High Expectations for Bitcoin
We must mention that there are very high expectations among cryptocurrency investors for Bitcoin. According to analyst Gert van Lagen, the trajectory of the cryptocurrency, especially in terms of historical patterns, indicates a move towards $200,000 in the next 1-3 months.
Another analyst, Michael van de Poppe, points out that the fundamentals for the cryptocurrency BTC are extremely strong, suggesting that BTC’s next trajectory is a journey to $58,000.
It is necessary to point out that both analysts agree on a bullish trend for Bitcoin. The coming days for Bitcoin could mark different stages of progression to new levels.
