Bitcoin could break past $115,000 in early July if big investors keep buying and upcoming U.S. job numbers are weaker than expected, say crypto analysts.
Why Bitcoin Might Rise
In May, Bitcoin did well — jumping up to $111,970 on May 22 before dipping to around $104,800. Despite the pullback, investor mood remains optimistic. U.S. Bitcoin ETFs (exchange-traded funds) saw strong inflows of $5.24 billion last month, showing continued interest from institutions.
The Crypto Fear and Greed Index, which shows how people feel about the market, is at 57 — meaning there’s still a lot of “greed” or bullish sentiment.
What Could Slow Bitcoin Down?
The next big moment comes on June 6, when the U.S. jobs report is released. This report is important because it affects decisions made by the Federal Reserve about interest rates.
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If the jobs data is strong, the Fed may delay cutting interest rates, which could hurt Bitcoin’s price. Analysts say this could cause Bitcoin to fall to around $102,000 or even lower.
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If the jobs data is weak, the Fed may cut rates sooner, which would be good for Bitcoin and could help it climb above $115,000.
Possible Price Ranges
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Bullish Case: If things go well, Bitcoin could hit $115,000+ by early July.
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Bearish Case: If job data is too strong, Bitcoin could fall to $95,000–$97,000, a level where it might get bought up again.
Some experts think the market may be underestimating how fast Bitcoin could move and believe it could still reach new all-time highs before the end of June.
In Short:
Bitcoin could rise sharply in the next few weeks, but everything depends on how the U.S. economy is doing. If job growth slows down, Bitcoin might jump. If the job market stays strong, Bitcoin could see a dip before moving up again.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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