Bitcoin price could reach $125k in June: Bitfinex

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Ah, Bitcoin. The one thing that makes your bank account feel like it’s been on a rollercoaster while you’re just trying to get off the ride without vomiting. So, guess what? Bitfinex analysts are all “Hey, you might want to sit down because Bitcoin’s gonna hit $125,000 by June” — if, of course, the stars align and macroeconomic conditions don’t implode. Classic, right?

So here’s the deal: Bitcoin’s short-term future is going to hinge on the U.S. jobs report on Friday. If the jobs data looks like a sad clown at a party (read: slowdown), Bitcoin might just do that thing where it skyrockets. Oh, and let’s not forget those ETF inflows, like the little cherry on top of an already confusing financial sundae.

Right now, experts are predicting that the non-farm payrolls report will show about 125,000 to 130,000 new jobs, which is—brace yourself—a significant dip from last month’s 177,000. If the numbers come in weaker than expected, Bitcoin could totally go to the moon. Like, a literal rocket ship could be involved here (okay, not really, but you get it). Why? Because a weak jobs report could push the Federal Reserve to start cutting interest rates faster than you can say “Bitcoin for breakfast.” And if that happens, BTC could easily hit that $120,000–$125,000 range by June. Imagine that. A new Bitcoin yacht to add to your collection. 🚀

“If Bitcoin stays above $105,000, we think it could aim for that $120,000–$125,000 range. But don’t just sit there waiting for labor market data, there’s a whole bunch of things happening that could kickstart a faster Fed rate cut,” said the Bitfinex analysts.

But wait—before you start planning your Bitcoin-funded vacation to Bora Bora, here’s the catch. A strong jobs report could totally mess with those rate cuts, meaning the dollar might get its groove back, and your beloved Bitcoin? Well, it could fall flat on its face. Like, seriously, who invited the dollar to the party?

And that’s not all—there’s also ETF inflows to consider. Because, you know, if rate cuts make the dollar stronger, ETF action could get a little less spicy. Keep your eyes on that Friday jobs report; it’s like a reality show for your crypto portfolio.

Jobs data remains in focus for Bitcoin’s price

As if things weren’t already confusing enough, the investor community is split like a bad haircut over what Friday’s report will bring. We’ve got mixed signals galore: On one hand, job openings are climbing, which is like the labor market’s way of saying, “Hey, we’re doing okay, but could be better.” Job openings hit 7.39 million, up from 7.2 million in March—so that’s a positive, right?

On the other hand, ADP private payrolls completely failed to impress, adding a meager 37,000 jobs instead of the expected 110,000. Yikes. It gets better though—small businesses lost 13,000 jobs, while large businesses tossed 3,000 out the door. Only midsized companies were all like, “We’re good,” adding 49,000 jobs. Talk about a weird office party.

So, yeah, the U.S. labor market is hanging in there, but employers are sweating about U.S. tariffs messing up the whole international trade thing. Could be a problem. Could be a nothing-burger. Who knows? But Bitcoin’s fate? Well, that’s still tied to these job reports—so maybe don’t throw out your crypto wallet just yet. 💸

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2025-06-05 19:42