Bitcoin reaches $ 96,881-weak US work market data could trigger Rally over $ 97,000

Bitcoin reaches $ 96,881-weak US work market data could trigger Rally over $ 97,000
Bitcoin analysis: expectation before the US working market data
The Bitcoin course is currently $ 96,881 and moves in an exciting phase before the US working market data (NFP). The upcoming numbers could have a decisive influence on the market mood and Bitcoin trade.
Analysts assume that a weak NFP report could heat speculation about possible interest rate cuts. In the past, such developments have often led to increased demand for Bitcoin. A weak labor market report could affect confidence in the US dollar and encourage investors to invest in alternative systems such as Bitcoin.
If the Bitcoin course exceeds the $ 97,000 mark, this could indicate a further outbreak and arouse new purchase interest from the dealers. This would be an important psychological point that many traders have in mind.
Overall, it remains to be seen how the latest labor market data will influence the cryptocurrency market. The coming days could be crucial for the course development of Bitcoin.