Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data

The bitcoin market currently sits in one of the largest realized value clusters. Over 2.208 million BTC have last moved on-chain between $55,000 and $60,000,” Glassnode tweeted. “The next large cluster between $60,000 and $63,000 may act as resistance, whilst support can be found at $50,000 and again at $42,000.”