Analysts suggest that if US job data is weaker than expected, Bitcoin could surge to $115,000. Conversely, strong labor market indicators may apply downward pressure on prices, potentially leading to tests of support levels at approximately $102,000.
Despite recent volatility, market sentiment remains optimistic, with Bitcoin’s price recently retreating from its peak of $111,970 to about $104,823. Institutional interest and ETF inflows are bolstering confidence in Bitcoin’s potential.
Leave a Reply