Waiting for confirmation of US economic data, where is Bitcoin going?

Bitcoin price is currently holding comfortably above the 50-day and 200-day EMA, confirming a bullish price signal. On Friday, Bitcoin traded at USD 71,302.30, up 0.31%.

“If Bitcoin manages to break through Tuesday's (June 4) high of USD 71,659, there is potential for the price to reach an all-time high of USD 73,808. However, several important factors need to be watched, including the US Jobs Report, US spot BTC ETF market flow data, and discussions related to the SEC,” said Fyqieh.

Conversely, if Bitcoin falls past the USD 69,000 support level, this could signal a decline towards the 50-day EMA. With a daily RSI reading of 62.72, Bitcoin may rise to an all-time high of USD 73,808 before entering overbought territory. Just note, investors are advised to remain alert to these indicators in anticipating further market movements.