Bitcoin’s Wild Ride: Will the U.S. Jobs Report Send It to $125K or $95K? 😱💸

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So, it turns out that Bitcoin‘s fate is now, apparently, tied to something as mundane as… jobs? Yep, according to the brilliant minds at Bitfinex (who, let’s be honest, are probably sipping something fancy while making these predictions), a slowing labor market might just boost Bitcoin. But, if the numbers are stronger, prepare for some serious downside. Because, why wouldn’t Bitcoin’s fate be tied to the world’s unemployment rate, right? 🙄

Labor Market Cooling… or Not? 🔥

Economists are apparently expecting a report showing between 125,000 and 130,000 new nonfarm payrolls in May. A drop from April’s impressive 177,000. Whoops. The unemployment rate? 4.2% (because that’s *still* too high apparently). And let’s all hold our breath as we await a teeny-tiny 0.2% to 0.3% rise in average hourly earnings. 🥱

But wait—here’s the juicy part: Bitfinex thinks that if the report’s weak, we could see a little disinflation magic, which might just push the Fed into slashing rates. And what does that mean? More Bitcoin. Because, of course, that’s what we all want, right? 💁‍♀️

Bitcoin’s Bullish Dream: $120K–$125K, If Support Holds

Bitfinex has a very optimistic view: If Bitcoin manages to stay above $105,000, there’s a chance it could target a nice, round $120,000–$125,000 by June. A tiny asterisk though: this might not be all thanks to the jobs report. There could be other things (like a potential *rate cut* from the Fed) nudging Bitcoin in that direction. But hey, who’s counting? Let’s dream big. 💸✨

The Bearish Reality: Jobs Data Could Crush Bitcoin to $102K… or Worse 😬

If the job report comes in hot (spoiler: no one wants that), then the U.S. dollar will get a boost, and Bitcoin might just feel the burn. In the worst-case scenario, Bitfinex sees Bitcoin dropping to $102,000. But hold on, it gets worse: it could dip to the dreaded $95K–$97K zone. That’s where Bitcoin lovers start doing a lot of deep breathing, probably. 🧘‍♀️

But remember, folks, this is just one tiny part of the global “macro puzzle.” So, while short-term traders may lose their minds, the rest of us will keep watching the show. 🍿

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2025-06-06 03:11