$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data
Bitcoin still lacks direction, traders agree, but both $25,000 and $30,000 remain as targets once conditions change. Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over most of the week, but now faced nonfarm payroll (NFP) numbers as a final potential catalyst for risk assets. “Expectations are that we’ll be seeing 3.6%, similar to last month. Based on the financial numbers of this week, I’d rather expect 3.7-3.8%,” Michaël van de Poppe, founder and CEO of trading firm Eight, summarized about his expectations. “Result; $DXY down, $BTC unchanged and indices down/up depending on how far the outlier will be.” A further Twitter post argued that $30,000 remained on the t...