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#CelebratingNewYearOnGateSquare ‼️ Bitcoin tests support at $66 000
🟠 On February 11, the total market capitalization of cryptocurrencies fell by more than 3%, with Bitcoin and Ethereum losing over 4%. BTC dropped nearly $66 00, and ETH fell to $1920.
The sell-off intensified ahead of the release of US labor market data, which will be significant for the Fed in setting interest rates, potentially increasing volatility.
✅ The data indicates weakening selling pressure and a similarly weak rebound. Bitcoin may lack the momentum to reach $70 000, and the $69 000 level will become an important zone of consolidation.