Analysts predict that Bitcoin could reach new all-time highs above $115,000 next month if institutional buying continues and US job data disappoints. Bitfinex analysts foresee a bullish scenario driven by institutional interest and ETF inflows, potentially pushing Bitcoin to $115,000 by early July. Despite a recent pullback from a peak of $111,970 to $104,823, market sentiment remains optimistic. The upcoming US jobs report on June 6 is crucial, as it could impact the Federal Reserve's interest rate decision and influence Bitcoin's price. A stronger jobs report might strengthen the dollar and pressure Bitcoin, while a weaker report could lead to interest rate cuts, benefiting Bitcoin. Bitfinex also suggests a bearish outlook with Bitcoin potentially dipping below $100,000 before finding support. Overall, market analysts remain hopeful for Bitcoin's future price movements. Read more AI-generated news on: https://app.chaingpt.org/news

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