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.