Bitcoin cryptocurrency trades up $458.25, approximately 1.65% higher this afternoon

Tentatively higher from an earlier low of $27,700, Bitcoin is up to $28,228 today, adding $458.25, or 1.65%, to today's closing price of $27,770.

Bitcoin is currently trading at $28,228 following the release of JOLTs Job Openings (Feb) data from the United States.

Meanwhile, United States JOLTs Job Openings (Feb) released today at 14:00 UTC with a figure of 9.93 million, while the previous figure was 10.56 million. United States ISM Manufacturing PMI (Mar) came out at 46.3, while a consensus of analysts was expecting 47.5. United States Factory Orders released earlier showed a marked improvement to -0.7% from the preceding data of -2.1%, but fell short of the -0.5% figure forecast by a consensus of market analysts.

A study of Bitcoin's chart reveals various key levels to watch: Bitcoin broke through the $28,200 resistance and climbed $12.56 above it. Trend analysis indicates that Bitcoin made an initial breakout above its 10 day Simple Moving Average at $27,900, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $28,200 currently serving as resistance Analysis based on the asset volatility indicates that Bitcoin's upper Bollinger Band® is at $28,742, this is a slight indication of a slowdown.

All in all, the technical analysis suggests Bitcoin has no clear-cut direction.

Bitcoin shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $1,809.17, Ethereum is up 3.35% today to currently trade at around $1,869.81. MaticNetwork USD gained 3.65% and is currently trading at $1.14.

Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million. It previously stood at -7.49 million; data will be released tomorrow at 14:30 UTC.

Furthermore, the market is looking at United States ADP Nonfarm Employment Change (Mar) will be released tomorrow at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) scheduled to come out tomorrow at 14:00 UTC.

The past 3 months have been positive for Bitcoin as it added 65.93% compared to its 3-month low of $15,759.