Bitcoin Price Prediction: Crypto Exchanges Announce 1,200 New Job Openings. Will BTC Continue to Rise?
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Bitcoin (BTC/USD) is currently trading at $69,088, down slightly by 0.33%, indicating a bearish Bitcoin price prediction.
Meanwhile, the cryptocurrency industry is experiencing a hiring boom, with over 1,200 job openings on major exchanges such as Binance, Coinbase, and OKX. This hiring wave highlights the industry’s optimism despite Bitcoin’s recent price fluctuations.
Crypto Exchanges on Hiring Wave: Over 1,200 Job Openings
One of the largest cryptocurrency exchanges, led by Binance, Coinbase, and OKX, has over 1,200 job openings. This hiring wave reflects the industry’s optimism, which expects Bitcoin to surpass its March record, spot Ethereum ETFs to be launched, and venture capital investments to increase this year.
Sam Wellalage, founder of WorkInCrypto.Global, noted the unprecedented bull market and explained that crypto companies are eager to capitalize on the growth.
“We are in a bull market like never before – from a recruitment perspective, there is going to be a lot of work coming our way,” he told DL News.
This shift follows two years of job cuts, with 13,500 crypto workers laid off since April 2022.
Leading crypto exchanges are hiring:
- Binance: Filling 460 positions with a focus on compliance, user-centricity, and innovation.
- Coinbase: Lists 224 positions, with a focus on legal, compliance, finance, and accounting.
- Bybit: Fills 69 positions in sales, marketing, and engineering despite regulatory setbacks.
- OKX: Expanding with 414 positions, strengthening finance, HR, and fraud risk departments.
- Crypto.com: 335 open positions; strategic recruitment to support growing market share.
- Bitget: 106 positions to be filled, particularly in marketing and web3 development.
- Bitstamp: Six vacancies, including legal counsel and compliance officer.
- KuCoin: Nine vacancies, including senior compliance positions in Turkey and France.
- Gate.io: 37 vacancies to be filled despite regulatory challenges.
- HTX: Seven vacancies, with a focus on operations in Russia and compliance in Hong Kong.
Impact on Bitcoin: The surge in hiring at the top crypto exchanges indicates strong industry growth and investor confidence, which could be positive for Bitcoin price.
As exchanges increase their teams to support increased market activity, Bitcoin could see increased demand and a potential price surge.
Bitcoin Price Prediction
Bitcoin (BTC/USD) is currently trading at $69,088, down slightly by 0.33%, indicating a bearish Bitcoin price prediction. The green line representing the pivot point at $68,747 is a crucial level to determine the next price movement.
The immediate resistance is at $70,000, followed by $71,500 and $73,000. On the downside, the immediate support is at $68,500, with further support levels at $67,000 and $65,900.
The Relative Strength Index (RSI) is at 56.26, indicating neutral momentum. The 50-day Exponential Moving Average (EMA) is at $68,747, suggesting that this level provides significant support.
Based on the current price action around the pivot point, traders should look for a break above $70,000 to see a bullish extension with targets at $71,500 and $73,000.
A drop below $68,500 can result in further declines towards $67,000 or $65,900. RSI and EMA show a neutral trend, so it is important to monitor these levels for trading opportunities.
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