Print job data in the weak United States to supervise the Bitcoin Rally to 155 thousand dollars

Analysts say Bitcoin may rise to its highest new levels ever exceeding $ 115,000 next month if the institutional purchase and American job data continue to be “weaker than expected.”

“In a bullish scenario, driven by strong institutional attention and ETF flows, Bitcoin $ 115,000 or higher by early July,” said BitFinex Cointelegraph analysts.

Bitcoin retreated from “some anxiety”, but the feelings are still high

We have a bitcoin spot (BTCThe circulating investment funds were strong in May, when they published about $ 5.24 billion in flows, According to To Farside data.

Bitcoin has risen throughout the month to the peak 111,970 dollars on May 22nd But since then it has returned to 104,823 dollars at the time of publication, According to To Coinmarketcap.

“It caused some anxiety, but investors are still optimistic,” said BitFinex although although the decline ”

Market morale keeps strongly, with encrypted fear and greed index Read the degree of “greed” from 57 out of 100.

The United States’ Action Statistical Office is scheduled to issue a monthly report of US jobs on June 6.

American job data is an important indication of Bitcoin as it has an impact on the interest rate decision in the Federal Reserve, which in turn affects the feeling of bitcoin and other origins of risk.

“The stronger report, which is expected to delay the discounts, may enhance the dollar and may exercise the declining pressure on bitcoin,” said Bitinex analysts.

However, they added that the “more softening than expected” report can enhance “inflation narration” and encourage the federal reserve to think about reducing interest rates sooner, which will be optimistic about Bitcoin.

A strong work report may lead to the price of 102 thousand dollars Bitcoin

Analysts said: “If the job report indicates a stronger job market, Bitcoin may test support levels about $ 102,000 or less,” analysts said.

“In general, the report of the report will be a pivotal for less timetable dealers, but it will only be a smaller piece of the larger puzzle in the larger scheme of things.”

Related to: Bitcoin on “Ground Ground” with the approaching the highest BTC price: ammous

In its Haboodian outlook, Bitfinex suggested that Bitcoin could decrease below the main psychological level of $ 100,000 to a range between 95,000 to 97,000 dollars, where he can “see some good accumulation.”

The last time Bitcoin was traded near the 97,000 dollar range was May 7.

June was the month in which many encryption analysts expected Bitcoin to reach new levels at all, before height to $ 111,970 in May.

On March 28, a real vision analyst for real vision I told Jimmy Cointelegraph The market “may reduce the importance of speed that Bitcoin can rise and can reach its highest levels ever before the end of the second quarter.

magazine: The United States risks the “front running” on the Bitcoin Reserve by other countries: Samson Mww

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.