Bitcoin Price Could Surge to $125,000 in June if US Jobs Report Disappoints, Warns Bitfinex Analyst

According to a recent analysis by a Bitfinex strategist cited by COINOTAG News on June 5th, the upcoming US employment report could significantly influence Bitcoin’s price trajectory. A weaker-than-expected jobs figure may heighten market anticipation for an accelerated Federal Reserve rate reduction, potentially driving Bitcoin’s value up to $125,000 within June. Conversely, robust employment data could exert downward pressure, pushing prices closer to $95,000. Concurrently, BRN highlights several bearish indicators, including declining capital inflows into cryptocurrency ETFs, an upswing in IPO activity, and prevailing price dynamics, all suggesting limited bullish momentum in the short term. These factors collectively underscore a cautious market sentiment, emphasizing the importance of closely monitoring macroeconomic data and capital flow trends to gauge Bitcoin’s near-term performance.