Will June 6 US Jobs Data Drive Bitcoin to $115K or Halt its Momentum?

Bitcoin’s price trajectory could be significantly impacted by the upcoming US jobs report, potentially setting it on a course towards historic highs or causing a sharp decline. Analysts predict a potential surge in Bitcoin prices if the June 6 data indicates a weaker labor market and increased pressure for rate cuts. On the other hand, a robust jobs report could strengthen the dollar, hindering Bitcoin’s growth. This uncertainty highlights the crucial role of this upcoming report in shaping Bitcoin’s future performance.