{"id":12283,"date":"2025-02-10T15:01:52","date_gmt":"2025-02-10T15:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12283"},"modified":"2025-02-10T15:01:52","modified_gmt":"2025-02-10T15:01:52","slug":"bitcoin-teetering-around-97000-what-does-technical-analysis-say","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12283","title":{"rendered":"Bitcoin Teetering Around $97,000: What Does Technical Analysis Say?"},"content":{"rendered":"<div>\n<p>Cryptocurrency analyst <strong>Benjamin Cowen<\/strong> sees recent labor market data and inflation expectations potentially having significant implications for <strong>Bitcoin\u2019s <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) price trajectory <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">in the near term<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> In a <a href=\"https:\/\/www.youtube.com\/watch?v=2keOG277p6Y\">podcast<\/a> on Feb. 9, Cowen highlighted the <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/25\/02\/43559446\/us-economy-adds-fewer-than-expected-jobs-in-january-unemployment-slows-wage-growth-spikes\">unexpected drop in the U.S. unemployment rate to 4%<\/a> and a sharp <a href=\"https:\/\/www.benzinga.com\/25\/02\/43564020\/consumer-sentiment-sinks-economist-flags-unusually-large-rise-in-inflation-perception\">increase in inflation expectations<\/a> as key factors that could influence Bitcoin\u2019s performance. <\/p>\n<p>He notes that the unemployment rate coming in below 4.1% could \u201creinvigorate inflationary fears,\u201d potentially leading to a bounce along the yield curve.<\/p>\n<p>The analyst also draws attention to the significant jump in U.S. Michigan one-year inflation expectations, which rose from 3.3% to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43594180\/bitcoin-teetering-around-97000-what-does-technical-analysis-say\" alt=\"Bitcoin\" teetering around what does technical analysis say>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency analyst Benjamin Cowen sees recent labor market data and inflation expectations potentially having significant implications for Bitcoin\u2019s (CRYPTO: BTC) price trajectory in the near term. What Happened: In a podcast on Feb. 9, Cowen highlighted the unexpected drop in the U.S. unemployment rate to 4% and a sharp increase in inflation expectations as key [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12283","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12283"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12283\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}