Bitcoin (BTC) is positioned for a potential breakout toward $115,000 by July, according to analysts at Bitfinex, who point to institutional inflows and macroeconomic data as key drivers of momentum.
📈 ETF Inflows and Bullish Momentum Could Lift Bitcoin Higher
BTC has already posted an 11.5% gain over the past 30 days, with spot Bitcoin ETFs in the U.S. recording $5.24 billion in inflows during May.
Despite a brief pullback from its May 22 high of $111,970 to around $104,800, sentiment remains positive. The Crypto Fear and Greed Index currently shows “Greed” at 57/100 — a bullish indicator.
Bitfinex analysts told Cointelegraph:
“In a bullish scenario, driven by strong institutional interest and ETF inflows, Bitcoin could touch $115,000 or higher by early July.”
📉 All Eyes on US Jobs Report
The June 6 U.S. jobs report from the Bureau of Labor Statistics is the next major macro trigger for crypto markets. Analysts say this data will likely impact the Federal Reserve’s interest rate policy, which is closely watched by Bitcoin investors.
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A strong jobs report could delay Fed rate cuts, boost the U.S. dollar, and pull Bitcoin down to test support at $102,000 or even lower.
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A softer report, however, might accelerate rate-cut expectations, reinforcing the disinflation narrative — which would be bullish for BTC.
⚠️ Short-Term Risks, Long-Term Potential
In a bearish scenario, Bitfinex warns Bitcoin could fall below the $100,000 psychological threshold, potentially dipping to $95,000–$97,000, where accumulation might restart.
Still, analysts remain confident in the broader uptrend, with June previously identified by many as the month Bitcoin would set new all-time highs.
“The report’s outcome will be pivotal for lower timeframe traders but will only be a smaller piece of a larger puzzle,” said Bitfinex.
With macro conditions tightening and institutional interest rising, June and July could prove defining for Bitcoin’s trajectory in 2025.
Stay tuned for updates on market sentiment at https://cryptodicenews.blog
