BTC: Key support level is testedBitcoin / U.S. dollarBITSTAMP:BTCUSDXBTFXBTC remained sensitive to developments in the broader financial markets, with the latest U.S. inflation data and changing interest rate expectations influencing investor sentiment. While volatility persisted throughout the week, market participants are now turning their attention to upcoming labor market releases, which could set the tone for the next directional move. At the start of the week BTC tested once again the $65K resistance level, but without strength to break it, it reverted back toward the support level at $60K. The lowest weekly level was at $58K, however, the coin is closing the week modestly above the $60K. The RSI touched the oversold market side, implying on a high probability of a short term reversal in the coming period. The moving average of 50 days continues to diverge from MA200, indicating lower potential for a cross in the coming period. At this moment on charts, it could be assumed that BTC will continue to clearly test the $60K support line. A short reversal is possible, but at this moment some stronger moves should not be expected. The level of $63K stands on a line, however, there is a lower probability that $65K might be tested in the week ahead. Jobs data for the US economy will be released in a week ahead, which will most certainly bring some higher volatility.