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Bitcoin in the Spotlight
Will it Reach $125,000 in June or Fall to $95,000?
The U.S. Employment Report Could Decide Everything
The price of #bitcoin , currently hovering around $105,000, is at a crucial point, with its next direction heavily tied to the imminent U.S. employment report set to be released this Friday.
Bitfinex analysts have outlined two radically opposing scenarios based on the outcome of this report, which could push #BTC towards $120,000-$125,000 or make it fall to $95,000.
Analysts predict it could soar to the $120,000-$125,000 range in June 2025 if the U.S. employment report, which will be published this Friday, shows a significant slowdown with 125,000-130,000 new non-farm payrolls, compared to 177,000 in April.
A weak labor report could strengthen disinflation expectations, anticipating rate cuts from the Federal Reserve and benefiting risk assets like Bitcoin.
However, if labor data exceeds expectations, with an unemployment rate steady at 4.2% and a wage increase of 0.2%-0.3%, Bitcoin could retreat towards $95,000.
This report is shaping up to be a key catalyst for the crypto market, which is anxiously awaiting the Fed's decisions.
"We believe that if Bitcoin holds support above $105,000, it could reach the $120,000 to $125,000 range in June," analysts stated. "This will not be catalyzed solely by the labor market, but could be a chain reaction of multiple catalysts pushing the Fed to cut rates at a faster pace than anticipated."
Will it Reach $125,000 in June or Fall to $95,000?
The U.S. Employment Report Could Decide Everything
The price of #bitcoin , currently hovering around $105,000, is at a crucial point, with its next direction heavily tied to the imminent U.S. employment report set to be released this Friday.
Bitfinex analysts have outlined two radically opposing scenarios based on the outcome of this report, which could push #BTC towards $120,000-$125,000 or make it fall to $95,000.
Analysts predict it could soar to the $120,000-$125,000 range in June 2025 if the U.S. employment report, which will be published this Friday, shows a significant slowdown with 125,000-130,000 new non-farm payrolls, compared to 177,000 in April.
A weak labor report could strengthen disinflation expectations, anticipating rate cuts from the Federal Reserve and benefiting risk assets like Bitcoin.
However, if labor data exceeds expectations, with an unemployment rate steady at 4.2% and a wage increase of 0.2%-0.3%, Bitcoin could retreat towards $95,000.
This report is shaping up to be a key catalyst for the crypto market, which is anxiously awaiting the Fed's decisions.
"We believe that if Bitcoin holds support above $105,000, it could reach the $120,000 to $125,000 range in June," analysts stated. "This will not be catalyzed solely by the labor market, but could be a chain reaction of multiple catalysts pushing the Fed to cut rates at a faster pace than anticipated."
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
105,242.81
+1.43%