The first Friday was 10th Jan you posted 16th Jan - the event has passed. We need new data
st_anlay
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Bullish
**Bitcoin Price Alert!**
As we all know, **Friday’s data** plays a crucial role in predicting Bitcoin's future price trends. While Bitcoin (BTC) and altcoins have experienced sharp declines recently, BTC dropped by **$2k–$3k** after key announcements. Following the dip to **$91k**, a minor recovery pushed BTC to **$94k** overnight.
Today, all eyes are on the **Non-Farm Employment data** from the U.S., as it holds significant weight in the Federal Reserve’s decisions on interest rate cuts. This data, released on the first Friday of every month, is critical for investors and analysts trying to gauge economic health.
The reaction of Bitcoin after the unemployment data will be closely watched. Meanwhile: - **U.S. stocks** closed lower on Wednesday. - The **British pound** hit its lowest level in over a year. - The yield on U.K. bonds reached a **16-year high**, while **gold prices** surged to levels unseen since mid-December.
It’s worth noting that the **U.S. government** is considering selling its Bitcoin holdings before Trump takes office. However, Trump’s pro-crypto stance, along with opposition from his influential advisors, may delay these plans. Despite some **technical price fluctuations**, this resistance to sell could prevent a steep drop in BTC prices.
If Trump manages to implement strategies for economic growth and turn the negative CPI report into a positive one, Bitcoin could reach new all-time highs, possibly exceeding **$150k** soon. Given his re-election and his expertise in stabilizing the economy, Trump has involved strong business leaders in his administration.
Looking ahead to **Q2 2025**, experts suggest BTC could hit **$180k**, driven by increased hash rates and positive economic sentiment.