Bitcoin slips to session lows underneath 36k ahead of US data

Bitcoin has just now fallen to fresh session lows as it dips underneath 36k for the first time today. The move lower comes just ahead of the monthly jobs report but that is more than likely just coincidence. The move lower is now taking the price closer to trend line support in place just below 35k. The odds of a break below this level are clearly rising for a number of reasons and not just because of the latest Tweet from Elon Musk. The failure to climb back above 40k earlier this week is on that list too. So, with the weekend fast approaching once again it could be a nervous couple of days for holders of Bitcoin, especially if that trend line support does not cap this current downside run. If it does not, then the risk of a deeper fall towards 30k cannot be ruled out. Bitcoin is just now trading at 35,795