After four days of going down, Bitcoin is stable today, trading around $27,900

Without a clear-cut direction, Bitcoin is trading around $27,900 and ranging between $27,900 and $28,158.

Uncertainty around Bitcoin is reflected by published market data as highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.5. Non Farm Payrolls in United States fell short of market expectations (239,000) with a reading of 236,000, continuing the decline from the previous figure of 326,000. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.

Bitcoin made an initial break below its 21 day Simple Moving Average at $27,900, a possible indication of a forthcoming negative trend. Bitcoin's upper Bollinger Band® is at $28,724, suggesting that a downward move may follow. On the other hand, note that Bitcoin is approaching key support, around $126.57 away from $27,782. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Bitcoin is positioned for a downward move in the near term.

While Bitcoin is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. After ending today's session at $0.513, Ripple lost $0.008 and is trading around $0.505. After ending today's session at $1.22, EOS lost $0.023 and is trading around $1.19.

Registering some good gains for about 30 days now. The past 3 months have been positive for Bitcoin as it added 64.81% compared to its 3-month low of $15,759.