Bitunix Analyst Predicts BTC to Challenge $112,000 Amid Rising Fed Rate Cut Expectations and Surprising ADP Data

Bitunix analysts have highlighted the unexpected strength in the latest ADP employment data, signaling robust private sector job growth that contrasts with market forecasts. This development has intensified speculation around the Federal Reserve’s monetary policy trajectory, with increasing anticipation of a potential interest rate cut in upcoming sessions. Against this backdrop, Bitcoin (BTC) is demonstrating resilience, positioning itself to test the significant resistance level near $112,000. Market participants are closely monitoring these dynamics as they could influence liquidity conditions and investor sentiment in the broader cryptocurrency ecosystem.