BTCUSD

Bitcoin is moving around the pivot level of 117398.35. Powell's failure to provide a clear signal regarding the economy has created a neutral effect in the cryptocurrency market. Messages aimed at strengthening the capital structures of major banks could be perceived positively in terms of financial stability. As long as it holds above the pivot level, resistance levels of 118415.38, 120598.99, and 122199.31 can be targeted. In the event of a downward move, support levels of 115214.74, 114197.71, and 112597.39 will come into focus. Tomorrow's U.S. unemployment claims and PMI data could be decisive for Bitcoin's short-term direction.