Key takeaways:
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Potential cuts on the rate of federal reserves on the weak data of US jobs can fuel the next Bitcoin rally.
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The BTC holds the main support and eyes of $ 129,000 after reversing from its wedge pattern.
Bitcoin (Btc) dropped below $ 111,000, refusal glass in the US stock market after the Bureau of Labor Statistics (BLS) slashed 911,000 jobs from payroll data, the steep cut since 2009.
Can the BTC sink as the US rises rising? Let’s check.
US stock market history suggests those with -owned by BTC that “will reap the rewards”
The BLS broke 880,000 jobs from the private sector and 31,000 from the government during the Benchmark revision of March 2025. Unemployment increased by 4.3%, while employers only increase 22,000 jobs in August, compared to 75,000 expectations.
Primary expenditure of personal consumption (PCE) the inflation held at 2.9%Increasing retreating risks. Unless the federal reserve is mediated with financial policies.
Bond entrepreneurs estimated that central bank officials would greenlight a 25 basic point rate cut in September, with the odds climbing up to 92% until Tuesday. Two more rate cuts can be observed by the end of 2025, CME data announced.
“The Fed will cut rates on hot inflation because the labor market is weak,” the market commentator, Kobeissi’s letter, writeAdding:
“Those with the asset -owned will reap the rewards.”
History shows the same.
During the 1990-1991, for example, the US Federal Reserve dropped rates to 3% from 8.25% even though the Core PCE spun around 4% and unemployment rises 6.8%.
Stocks initially fell over 20% but re -rebelled over 30% next year as cheaper credit to resurrected.
In 2025, gold moved up 40% in the months leading to the revision of BLS, along with the Kobeissei letter Noting That metal businessmen have “price-in (weaker work numbers) for months” already.
Bitcoin jumped by 20.30% to date in 2025 under identical conditions, and can reflect the gold price rally if The history of their lagging correlation is any indication.
Related: The Bitcoin Taps $ 113k As the review sees ‘Back to Highs’ at Fed Rate Cut
Can Bitcoin rise to a new high record?
Technically, Bitcoin looks primed to break above a record of $ 124,500.
Cryptocurrency is bouncing from the rising lower wedge, suggesting bulls will regain control with a reversed target near the 1.618 Fibonacci extension to $ 129,000, a potential 12% to 15% gain.
At the same time, Bitcoin continues to trade above the 20-week EMA (the red wave around $ 108,500), boosting the bullish outlook and confirming strong support under current levels.
A decisive near above $ 115,000- $ 116,000 zone resistance can restore consumers, speed up the rally to new hours high and marked the next leg of Bulcoin’s Bull Cycle.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
