Will Bitcoin Surge Past $115K This Month? Analysts Weigh In on Jobs Data’s Impact

Bitcoin continues to hold strong near the $104,000 mark, awaiting the release of crucial US jobs data on June 6th. This economic indicator is poised to influence Bitcoin’s trajectory and could spark a price explosion or trigger a correction in the crypto market. According to analysts, the potential for Bitcoin to hit new highs hinges on strong ETF inflows and institutional investment. 💰 A surge above $115,000 is within reach if macroeconomic conditions align favorably for risk assets. 📈 Spot Bitcoin ETFs have recorded significant net inflows of over $5.24 billion in May, signaling growing confidence from investors and institutions.