Bitcoin Price Range May Break with Upcoming Jobs Report

The upcoming Jobs Report is expected to have a significant impact on Bitcoin's price, which has been stuck in a range of $65,000 to $75,000 since early February. Fed Chairman Powell's recent speech at Harvard provided some insight into the Federal Reserve's thinking, but it was not enough to break the price range.

The March Jobs Report is scheduled to be released on April 3, which falls on Good Friday when stock and bond markets are closed. This means that Bitcoin and other cryptocurrencies will be the only major market reacting in real time to the report's data. A weak jobs report could shift expectations of rate cuts and potentially push Bitcoin towards $70,000 to $75,000.

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