Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints

Bitcoin's price ascended towards $87,000 on Friday, nearing its highest level recorded since January. This upward movement followed the successful clearing of a significant selling barrier, or 'sell wall,' located around the $85,000 mark, as reported by blockchain analytics firm Glassnode. The market's reaction also appears to coincide with disappointing US jobs data, a factor often considered in broader macroeconomic analyses influencing asset prices.