Bitfinex Analyst: If Friday's US Jobs Data Is Weak, Bitcoin Price May Surge to $125,000 in June

Blockbeats

06-05

BlockBeats News, June 5th, a Bitfinex analyst stated that if Friday's US jobs report is weak, sparking market expectations of an early Fed rate cut, the price of Bitcoin could rise to $125,000 in June. However, if the job data is strong, the price could drop to around $95,000.

At the same time, BRN warned that decreasing inflows into cryptocurrency ETFs, a surge in IPO activity, and price trends all indicate a bearish market outlook in the near term, lacking upward momentum. (The Block)

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