Bitcoin Eyes $120K in July Thanks To Weak U.S. Jobs Data
Bitcoin (BTC) is poised for a potential surge to $120,000 by the end of July 2025, driven by institutional interest and the possibility of Federal Reserve rate cuts following disappointing U.S. employment data.
Bitcoin Price Outlook: $120K Within Reach?
As of June 5, 2025, Bitcoin is trading at approximately $105,026, reflecting a slight decline of 0.57% over the past 24 hours.
Despite this, analysts from Bitfinex suggest that BTC could reach new all-time highs above $115,000 in early July, contingent on continued institutional investment and weaker-than-expected U.S. job data.
In May, U.S. spot Bitcoin ETFs attracted around $5.24 billion in inflows, indicating strong institutional demand.
The Crypto Fear and Greed Index currently reads “Greed” at 57 out of 100, reflecting positive market sentiment.
U.S. Jobs Data: A Catalyst for Bitcoin’s Movement
The U.S. labor market showed signs of cooling in May, with private employers adding only 37,000 jobs, significantly below the expected 110,000 and marking the weakest monthly performance in over two years.
This slowdown has led to increased speculation about potential Federal Reserve rate cuts.
President Trump has renewed calls for the Fed to lower interest rates in response to the weak job data.
Analysts suggest that a softer-than-expected jobs report could reinforce the disinflation narrative, encouraging the Fed to consider reducing interest rates sooner, which would be bullish for Bitcoin.
Potential Scenarios for Bitcoin’s Price Movement
- Bullish Scenario: If U.S. job data continues to underperform and the Fed signals a dovish stance, Bitcoin could surge to $120,000 or higher by early July.
- Bearish Scenario: Conversely, if the jobs report indicates a stronger labor market, Bitcoin might test support levels around $102,000 or lower.
Long-Term Outlook: Beyond July 2025
Looking further ahead, some analysts predict that Bitcoin could reach $200,000 by the end of 2025, driven by continued institutional adoption and macroeconomic factors.
However, these projections are contingent on various factors, including regulatory developments and global economic conditions.
Bitcoin Trajectory
Bitcoin’s trajectory in the coming weeks will largely depend on U.S. economic indicators and Federal Reserve policy decisions.
Investors should closely monitor next month’s U.S. jobs report and Fed communications for cues on potential Bitcoin market movements.
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