Five key factors for Bitcoin to watch this week

Cointelegraph has outlined five key factors for the Bitcoin market this week. These include whether the monthly chart can defend the key support level of $112,000 and the potential for long position liquidations as the CME gap is filled. Market participants will also be watching the release of U.S. non-farm payrolls and unemployment data. Other factors are whether Bitcoin will follow gold's recent rally and the defense of the $109,800 level, which represents the average cost basis for short-term holders.