Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC price: “Lights out” at $28,000?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp.

Amid an ongoing correction, the pair nonetheless failed to reclaim even $29,000 as support as U.S. unemployment data hinted that tighter financial conditions were working to cool inflation.

Spot gold became the main risk asset beneficiary, climbing back above $2,000 on the day.

XAU/USD 1-hour candle chart. Source: TradingView

U.S. equities opened higher but subsequently reversed their uptick, with the S&P 500 and Nasdaq Composite Index down 0.6%.