menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Bitcoin Aw...
source image

Coindoo

1M

read

296

img
dot

Image Credit: Coindoo

Bitcoin Awaits U.S. Jobs Data as Bitfinex Eyes $125K or $95K Scenarios

  • Analysts at Bitfinex suggest that Bitcoin's performance may be impacted by the upcoming U.S. jobs data.
  • A weaker jobs report could accelerate potential Fed rate cuts, favoring assets like Bitcoin.
  • If Bitcoin maintains support above $105,000, it could reach $120,000–$125,000 range in June, driven by various catalysts including potential rate cuts.
  • However, a stronger jobs data may test Bitcoin at $102,000 or lower, with $95,000–$97,000 identified as a favorable accumulation zone.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app