Bitcoin Price Prediction as Crypto Exchanges Announce 1,200 Job Openings: Will BTC Rise Higher?

Last Updated: May 26, 2024 5:15am EDT | 3 minute read

Bitcoin price prediction

Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signaling a bearish Bitcoin price outlook.

Meanwhile, the cryptocurrency sector is seeing a surge in hiring, with over 1,200 job postings across major exchanges such as Binance, Coinbase, and OKX. This hiring surge highlights the industry’s optimism despite Bitcoin’s recent price fluctuations.

Cryptocurrency exchanges in full hiring spree: over 1,200 job offers

One of the largest cryptocurrency exchanges, led by Binance, Coinbase and OKX, has over 1,200 job openings. This increase in hiring reflects industry optimism, predicting Bitcoin to surpass its March record high, the launch of Ethereum spot ETFs, and increased venture capital investment this year.

Sam Wellalage, founder of WorkInCrypto.Global, noted the unprecedented bull market and said crypto companies are eager to take advantage of the growth.

“We’re in a bull market like never before — there’s going to be a lot of work for us from a recruiting perspective,” he told DL News.

This change follows two years of job cuts, with 13,500 crypto workers laid off since April 2022.

Hiring from major cryptocurrency exchanges:

• Binance: Fill 460 roles, emphasizing compliance, user focus and innovation.
• Coinbase: Lists 224 roles, focusing on legal, compliance, finance and accounting.
• Bybit: Despite regulatory setbacks, hiring for 69 positions in sales, marketing and engineering.
• OKX: Expansion with 414 positions, strengthening the finance, human resources and fraud risk departments.
• Crypto.com: With 335 open positions, strategic hiring to support its growing market share.
• Bitget: I am looking to fill 106 roles, particularly in marketing and web3 development.
• Bitstamp: Six open positions, including legal counsel and compliance officer.
• KuCoin: Nine positions, including senior compliance roles in Türkiye and France.
• Gate.io: Despite regulatory challenges, hiring for 37 positions.
• HTX: Seven openings, focused on operations in Russia and compliance in Hong Kong.

Impact on Bitcoin: The surge in hiring best cryptocurrency exchanges indicates strong industry growth and investor confidence, which could have a positive impact on Bitcoin prices.

As exchanges expand their teams to support greater market activity, Bitcoin could see increased demand and potential price appreciation.

Bitcoin price prediction

Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signaling a bearish trend. Bitcoin price prediction. The green line, representing the pivot point at $68,747, is a crucial level in determining the next price movement.

Immediate resistance is at $70,000, followed by $71,500 and $73,000. On the downside, immediate support is at $68,500, with further support levels at $67,000 and $65,900.

The Relative Strength Index (RSI) stands at 56.26, indicating neutral momentum. The 50-day exponential moving average (EMA) is located at $68,747, suggesting that this level provides significant support.

Bitcoin price prediction

Given the current price action around the pivot point, traders should wait for a break above $70,000 for a bullish continuation, aiming to reach $71,500 to $73,000.

Conversely, a drop below $68,500 could lead to further declines towards $67,000 and $65,900. The RSI and EMA indicate a neutral trend, so close monitoring of these levels is recommended for potential trading opportunities.

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