BTC, ETH consolidate Friday's gains to start the weekend.
) was consolidating Friday’s gains to start the weekend, as traders continued to respond to July’s nonfarm payrolls report./USD surged to an intraday peak of $23,422.83 on Friday. However, this sentiment has somewhat faded, with prices falling to a low of $22,800.36 today.
This move comes as bitcoin bulls opted to secure earlier gains by liquidating their positions, as prices moved closer to a recent point of uncertainty.Looking at the chart, this area is the $23,500 level, which in recent weeks has been an area where bears typically overpower bulls. As a result of this, bulls have so far abandoned their positions in hopes of evading this uncertainty, however as the weekend progresses, we may see some decide to return.is trading at $23,173.40, and as we move closer to this price ceiling, the chances of a breakout will also increase.
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