Bitcoin Struggles for Momentum 🟡Weak U.S. labor market data for August — just 22,000 new jobs versus the expected 75,000 — pushed the dollar lower and sent gold to record highs. Markets now almost unanimously expect the Fed to cut rates on September 17, a move that should, in theory, support risk assets, including Bitcoin. 🟡Yet BTC failed to capitalize: after briefly touching $113,400, it lost nearly $3,000 in just an hour. The $113K–$114K zone remains critical — a breakout could pave the way for recovery. If not, analysts warn, Bitcoin risks sliding into the $92K–$94K range. https://crypto-jazz.com/bitcoin/2025/09/06/bitcoin-struggles-for-momentum/
Bitcoin Struggles for Momentum
🟡Weak U.S. labor market data for August — just 22,000 new jobs versus the expected 75,000 — pushed the dollar lower and sent gold to record highs. Markets now almost unanimously expect the Fed to cut rates on September 17, a move that should, in theory, support risk assets, including Bitcoin.
🟡Yet BTC failed to capitalize: after briefly touching $113,400, it lost nearly $3,000 in just an hour. The $113K–$114K zone remains critical — a breakout could pave the way for recovery. If not, analysts warn, Bitcoin risks sliding into the $92K–$94K range.
https://crypto-jazz.com/bitcoin/2025/09/06/bitcoin-struggles-for-momentum/
