Bitcoin's Future Tied to Fed Rate Cuts
Bitcoin's value could rise to $120,000–$125,000 if weak U.S. jobs data anticipates earlier Fed rate cuts, say Bitfinex analysts. Conversely, stronger data may push Bitcoin down to $95,000. The report, expected to show slowed job growth, will be crucial for short-term trading but is part of a bigger economic picture. Current expectations are for rates to stay unchanged through July. In contrast, Bearish indicators and declining ETF inflows suggest the market may be slowing, prompting some analysts to adopt defensive positions ahead of expected downturns.
FAQ
❓ What could influence Bitcoin's price soon?
Upcoming U.S. job reports and Fed rate decisions are key factors.
❓ Why are analysts taking defensive positions?
Bearish signals like slowing ETF inflows and high IPO activity suggest a market slowdown.
❓ What are the current forecasts for Fed rates?
Rates are expected to remain unchanged until at least the end of July.