Bitcoin heads to $115,000 by 07/2025, but market may be threatened by employment data

Bitcoin heads to $115,000 by 07/2025, but market may be threatened by employment data

Bitcoin has big plans! According to analysts, it could hit new all-time highs above USD 115,000 as early as next month if weaker US employment data is confirmed, along with continued interest from institutional investors and purchases via ETFs.

Key factors will influence the Bitcoin price in the coming weeks

Analysts at Bitfinex warn that if the US labour market data is weaker, it could be the impetus for a sharp rise in Bitcoin. "In a bullish scenario, driven by strong institutional interest and ETF inflows, we could see a price above $115,000 or more in early July," they say.

On the other hand, even though there has been a pullback in the price from the May 22 high of $111,970 to the current level of about $104,823, market sentiment is still positive. This decline has raised some concerns, however, the Crypto Fear and Greed index shows an "overbought" level of 57 out of 100, signaling that investors are still optimistic.

ETFs and market sentiment play an important role

May was a successful month for cryptocurrencies, with ETFs seeing inflows of over $5 billion, which contributed to the increased interest in Bitcoin. The price increased significantly during the month, reaching nearly $112,000 in mid-May. Since then, however, there have been minor fluctuations, but according to experts, they do not represent a major reversal.

Important US employment data and its impact on Bitcoin

The US Bureau of Labor Statistics (BLS) will release employment data on June 6 - a key indicator for the development of US monetary policy. Stronger labour market growth could increase the likelihood of a rate hike, which would strengthen the dollar and could put pressure on the Bitcoin price. Conversely, weaker data could encourage "disinflation" and accelerate monetary easing, which is bullish for cryptocurrencies.

What could strong or weak news mean?

Strong employment: Bitcoin could test levels around $102,000 or even lower. This could signal that the economy is still strong, and investors may start to worry about tighter monetary policy.

Weak employment: could fuel speculation of an earlier rate cut, which could push Bitcoin higher and bring it closer to new highs.

Outlook: what analysts are predicting

Bitfinex points to the possibility that Bitcoin could fall below the psychological $100,000 threshold if the situation worsens, and they estimate a band around $95,000-97,000 as ideal for accumulation.

Despite the minor corrections of recent weeks, the outlook for Bitcoin is still bullish. Some experts have previously predicted that the cryptocurrency could reach new all-time highs before the May climb to nearly $112,000.

Conclusion

The Bitcoin market is still very dynamic and its development depends on many factors - from macroeconomic data to the interest of institutional investors. The next few weeks will show whether the magical $115,000 mark will be surpassed or whether we are in for fears and corrections. One thing is for sure: investors should be diligent and follow the main economic indicators that can significantly affect the price of the world's largest cryptocurrency.

*This is not an investment recommendation.

The Coingarage team