Bitcoin Price Plunges After Blowout US Jobs Report: Here’s Why

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AI Fusion Summary

Bitcoin price progress toward $81,000 halted following the release of a blowout US jobs report. After reaching a peak of $82,281, BTC experienced a plunge into the $79,000 area. The asset currently faces short-term selling pressure despite a rising daily trend. Market attention is now focused on whether buyers can defend the $78,000 support line, while the broader technical outlook remains supported by daily moving averages as the price retreats from its recent highs.
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