A strong sun will shine over Bitcoin in the next 24 hours, signaling bullish market conditions! ☀️ The price of Bitcoin rose 1 percent to $57,277 over the past 24 hours and still has the potential to go up.
The 12 spot Bitcoin exchange traded funds (ETFs) listed in the US have posted outflows totaling almost $800 million dollar over the past six trading days, data from Sosovalue shows.
Investors now await cues from the upcoming US job figures being released tomorrow. Analysts expect 160,000 jobs to have been created outside the US farming sector in August, up from 114,000 jobs in July.
Yet, over a one-week time horizon, drizzle will linger over Bitcoin, signaling downside potential. 🌧
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