Bitcoin may be pushed down to $15,000 by the new job report, this hedge fund CIO believes. crypto $BTC
CIO of AlphaTrAI Max Gokhman told Bloomberg that the jobs report that came out proved to be stronger than expected. Higher unemployment figures mean that the Federal Reserve is likely to raise interest rates higher than they are already after recent increases.
Gokhman stated that Bitcoin has strong ties with macro economic sentiment at the moment, so the $20,000 level is crucial. Losing it would mean aAlphaTrAI converted most of its cryptocurrency holdings into cash in late August, ending that month with merely a 0.4% drop.Bitcoin needs to hold $20,000 at NFP release, expert says
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