BTCUSD prices consolidated in a narrow range between $43853 and $41859 for the past three days. Markets await US Nonfarm payroll data for further movement. It hit a high of $43405 and is currently trading around $ 42966.
On-chain metrics data shows a bullish indication for Bitcoin. According to santimant data, holders with 100 to 1000 BTC offloaded their holdings by 3.81% from 3.93 million to 3.78 million. While with 1000 to 10000 BTC increased their stake by 2.34%.
.
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ gained after positive results from Amazon and upbeat market sentiment. Any break above 17800 will take the index to 18000/18200.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 63% from 50.90% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and above the long-term moving average (200 EMA) in the daily chart.
Minor support- $42500. Any break below will take it to the next level at $41700-/$41400/$40700/$38500.
Bull case-
Primary supply zone -$44000. Any surge past this level confirms an intraday bullishness. A jump to $45000/$46180/$49050 is possible.
Secondary barrier- $50000. A close above that barrier targets $52500/$60000.
It is good to buy on dips around $42000 with SL around $40700 for TP of $50000.


FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD moves lower on weak UK data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/USD dips lower on negative UK retail sales data
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



