The BTCUSD pair will likely keep rising as bulls target the 50% Fibonacci retracement level at 25,000. forexsignal forexsignalslive Bitcoin bitcointrading
and Dow Jones bounced back. The tech-heavy Nasdaq 100 index rose for the week while the fear and greed index moved from the fear zone.
While most economic data from the US have been negative, numbers by the Bureau of Labor Statistics showed that the labor market is doing well. The unemployment rate remained at 3.6% while wages jumped by more than 5% in June. The BTC/USD pair also bounced back as Celsius continued paying debts it owes to several companies. For example, it paid $440 million to Maker DAO. It also moved about $500 million to FTX, one of the biggest companies in the industry.
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