Bitcoin has risen to nearly $95K and has found support from bargain hunters after testing the $90K-93K support zone. The rally will be tested by Friday's US non-farm payrolls report, which is expected to show 164,000 new jobs in December and unemployment at 4.2%. A stronger-than-expected jobs report could heighten market concerns about the Fed's hawkish policies, push bond yields higher, and fuel inflation fears, one of the reasons why Bitcoin fell from $102K to $93K. If the non-farm payrolls data falls sharply below expectations, Bitcoin could try to break through $100K again, provided the US government does not sell a large amount of its Bitcoin to the market.
