Bitcoin eyes $115K by July, but strong US job data to threaten rally: Analysts
Bitfinex analysts tell Cointelegraph that Bitcoin could surge next month if US job data turns out to be weaker than expected.
Bitcoin may surge to new all-time highs above $115,000 next month if institutional buying continues and US job data is “weaker-than-expected,” say analysts.
“In a bullish scenario, driven by strong institutional interest and ETF inflows, Bitcoin could touch $115,000 or higher by early July,” Bitfinex analysts told Cointelegraph.
US spot Bitcoin (BTC) ETFs had a strong May, posting around $5.24 billion in inflows, according to Farside data.