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TechFlow, June 5 — According to The Block, Bitfinex analysts said that if Friday's weak U.S. jobs report fuels market expectations of an earlier Fed rate cut, Bitcoin could rise to $125,000 in June. However, if employment data is strong, prices could drop toward $95,000.
Meanwhile, BRN warned that declining inflows into crypto ETFs, a surge in IPO activity, and price trends all indicate a bearish near-term outlook and a lack of upward momentum.
According to The Block, Bitfinex analysts said that if Friday's weak U.S. jobs report triggers market expectations for an earlier Fed rate cut, Bitcoin price could rise to $125,000 in June. However, if employment data is strong, the price might drop to around $95,000. Meanwhile, BRN warned that declining inflows into crypto ETFs, a surge in IPO activity, and price movements all indicate a bearish near-term market outlook and lack of upward momentum.
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