BlockBeats News, June 5th, a Bitfinex analyst stated that if Friday's US jobs report is weak, sparking market expectations of an early Fed rate cut, the price of Bitcoin could rise to $125,000 in June. However, if the job data is strong, the price could drop to around $95,000.
At the same time, BRN warned that decreasing inflows into cryptocurrency ETFs, a surge in IPO activity, and price trends all indicate a bearish market outlook in the near term, lacking upward momentum. (The Block)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.