Bitcoin bulls' fate rests on $60K support as prediction markets price in a June break below it
first published 2026-06-04T15:10:34Z
Bitcoin fell to an intraday low near $61,550 before recovering to about $63,800 after U.S. jobless claims topped forecasts and labor cost growth cooled. The weaker labor data increased expectations that the Federal Reserve could cut rates later this year, although Bitcoin still faces a bearish technical setup with $60,000 cited as the next key support.
AI Analysis
The summary says weak U.S. jobs data supported a rebound in Bitcoin and raised rate-cut expectations, but it also notes Bitcoin remains technically कमजोर with $60,000 as support. This is relevant to traders, but it is indirect macro news rather than a direct crypto-specific catalyst.
Expected Investor Sentiment: Bearish
Potential Market Impact: High
Source Articles
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