#MarketSentimentWatch Bitcoin trader expects return of six figures

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD building on gains after the previous daily candle closed at $98,330 on Bitstamp.

While still in a narrow range, Bitcoin 

BTC

$99,312

 price action provided much-needed relief to traders after several weeks of barely any volatility.

US macro data aided the recovery, with initial jobless claims exceeding the median forecast by 4,000 to reach 219,000, a potential sign that the labor market may not withstand longer periods of restrictive economic policy.