Bitcoin’s Future Linked to U.S. Job Report: Analysts at Bitfinex Weigh In

Bitfinex analysts have highlighted the potential impact of upcoming US jobs data on Bitcoin’s trajectory, anticipating a range between $120,000 and $125,000 if the report supports market stability. However, a stronger jobs report could present challenges for Bitcoin as it might push the Federal Reserve to delay rate cuts, potentially decreasing demand for risk assets like Bitcoin. On the other hand, a weaker labor report could accelerate the Fed’s shift toward lower interest rates, creating favorable conditions for Bitcoin.