Bitcoin Price Forecast: Here's How US NFP Report Could Drive BTC to $70k

Bitcoin Bitcoin (BTC) price extended it May 2024 rebound to 8% on Friday, surging above $61,000 for the first time in 5 days, derivatives traders reaction to the underwhelming US Non-Farm Payrolls report could drive prices further upward. Bitcoin’s post-halving sell-off has stalled since US Fed announced a rate pause on Wednesday, setting the stage for a mild price recovery phase. The markets witnessed further gains on Friday after the Bureau U.S. Bureau of Labor Statistics’ scheduled released Non-Farm jobs …