Bitcoin: Drops 2% After Strong U.S. Jobs Data

Bitcoin fell from around $81,500 to $79,400 after stronger-than-expected U.S. jobs data revived rate-hike fears, erasing $50B in market cap while 89,448 traders faced $400.54M in liquidations over 24 hours.

Price action at $79571.03 shows the bullish trend intact above EMA50 support at $78551.92, yet MACD death cross at 477.28 and neutral RSI at 52.88 coincide with price testing upper Bollinger resistance near $82500.66, pointing to a likely retracement toward lower band support at $75718.83 before continuation; this setup aligns with September's historical average return near -3% and fuels ongoing BTC price prediction debates amid crypto market volatility.