Bitcoin tests $75k as US nonfarm payrolls jump to 165k
ITF Team2 min read
Bitcoin hovers near $76,000, down 0.98%, while gold slips below $4,050 after US nonfarm payrolls rose 165,000 in October, 3/11/2026.
Key takeaways
- Bitcoin traded at $76,006 on 3/11/2026, down 0.98% on the day.
- US nonfarm payrolls increased by 165,000 in October, far above the 65,000 forecast.
- Gold fell to $4,048, below the $4,050 threshold, after the payroll surprise.
- The unemployment rate slipped to 4.1% while labor force participation rose to 61.9% in October.
On Friday, 3/11/2026, Bitcoin (BTC) tested the $75,000 support zone while the US labour market surprised with a 165,000 rise in non‑farm payrolls for October. The stronger‑than‑expected jobs data added pressure to risk assets, pushing BTC down 0.98% to $76,006 and pulling gold below $4,050.
Why the payroll surprise hit crypto and gold
The Bureau of Labor Statistics reported 165,000 new jobs, a far cry from the 65,000 consensus. The robust employment picture reinforced expectations of a still‑tight labour market, keeping inflation concerns alive. Higher‑than‑expected payrolls often strengthen the US dollar, which in turn makes dollar‑denominated commodities like gold more expensive for holders of other currencies, prompting a sell‑off.
At the same time, political risk rose after the US mid‑term elections handed control of Congress to Democrats. Analysts flagged the prospect of tighter crypto regulation, especially with Senator Elizabeth Warren expected to chair the Senate Banking Committee. The regulatory uncertainty added to the bearish bias on BTC.
Technical picture for Bitcoin
BTC sits below its key exponential moving averages: the 200‑day EMA at $76,508, the 100‑day EMA at $77,775 and the 50‑day EMA at $79,833. Momentum indicators also point down – the RSI is near 38 and the MACD remains below zero. The nearest support is the lower Bollinger Band around $75,130, where short‑term buying could appear.
A daily close back above the 200‑day EMA would be the first sign of easing pressure, followed by a test of the 100‑day EMA at $77,775. Only a sustained break above $79,833 could open a path toward the broader resistance near $84,400.
Read also: Usd rallies after non farm payrolls jump to 165,000
Gold’s bearish continuation
XAU/USD traded at $4,048, slipping under the $4,050 psychological level and well below its weekly high of $4,147. The metal is trapped beneath a dense cluster of moving averages – the 50‑day EMA at $4,154, the 100‑day EMA at $4,234 and the 200‑day EMA at $4,260 – all acting as overhead resistance.
While the MACD has turned positive, the RSI sits around 47, indicating limited upside momentum. Immediate resistance is the Bollinger middle band near $4,066, with the next barrier at the 50‑day EMA $4,154. A break below the lower Bollinger Band at $3,898 would signal deeper weakness.
What traders should watch
Key levels to monitor for BTC are $75,130 (support) and $76,508 (200‑day EMA). For gold, watch $4,066 (Bollinger middle) and $4,154 (50‑day EMA) as resistance, and $3,898 as a critical support floor. Upcoming data such as the Fed’s policy decision later in November and any regulatory announcements from the new Senate Banking Committee could reignite volatility.
- BTC support: $75,130; resistance: $76,508‑$84,409
- Gold support: $3,898; resistance: $4,066‑$4,260
- US NFP October: +165,000 (consensus 65,000)
- Unemployment Oct: 4.1% (down from 4.2%)
Frequently asked questions
How did the October non‑farm payroll report affect Bitcoin’s price?
The payroll report showed 165,000 jobs added, far above expectations, which bolstered the US dollar and heightened risk‑off sentiment. Bitcoin fell 0.98% to $76,006 on 3/11/2026, testing the $75,000 support level.
What are the next technical hurdles for gold?
Gold is trading at $4,048, below the $4,050 level. The metal faces resistance at the Bollinger middle band $4,066 and the 50‑day EMA $4,154. A break below the lower Bollinger Band at $3,898 would indicate further bearish pressure.
Official data sources
Related news
- Usd rallies after non farm payrolls jump to 165,000
- U.S. October 2026 nonfarm payrolls surprise with 165,000 jobs added
- Gold pulls back before NFP after its strongest week in two months
- Gold below $4,100 as US nonfarm payrolls dominate headlines
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This article is compiled from international market news for information only. It is not investment advice.