Analysts are forecasting that Bitcoin could potentially reach a new all-time high above US$115,000 by early July 2025. This projection is fueled by growing institutional interest combined with signals of a weakening U.S. economy, particularly reflected in recent employment data.

According to a Cointelegraph report on Thursday (June 5, 2025), analysts from Bitfinex stated that a bullish trend is likely if inflows into U.S.-based spot Bitcoin ETFs remain strong. This outlook is further supported by expectations that upcoming U.S. labor data will point to economic deceleration.

"Under these circumstances, Bitcoin prices may hit US$115,000 or even higher in early July," the analysts stated.

Data from SoSoValue shows that spot Bitcoin ETFs in the U.S. recorded net inflows totaling US$197 million throughout May. This occurred during a price rally that saw Bitcoin reach US$111,970 before retreating to its current level around US$105,000. Despite the price pullback, institutional investor interest remains strong.

Bitfinex analysts acknowledged that the price correction has raised some concerns in the market, but overall sentiment remains positive. This is reflected in the Crypto Fear and Greed Index, which stands at 57—classified as “Greed”—indicating that investor optimism in digital assets is still dominant.

U.S. Jobs Report Seen as Key Short-Term Catalyst

Market attention is now focused on the upcoming monthly employment report from the U.S. Bureau of Labor Statistics, scheduled for release on June 6. This report is crucial because it influences the Federal Reserve’s interest rate policy, which in turn affects the appeal of risk assets such as Bitcoin.

Should the report reveal stronger-than-expected labor market data, expectations for interest rate cuts could be delayed. This would likely strengthen the U.S. dollar and put downward pressure on Bitcoin, with analysts warning that prices could test support levels around US$102,000 or even lower.

Conversely, if the employment data signals a slowdown, the disinflation narrative would gain traction, opening the door for the Fed to cut rates sooner. This scenario would be highly supportive of short-term bullish momentum for Bitcoin.

“Overall, this report will be crucial for short-term traders, though it remains just one piece of the larger market puzzle,” explained the Bitfinex analysts.

Despite prevailing optimism in the market, Bitfinex also cautioned against potential downside risks. In a bearish scenario, Bitcoin could break below the psychological threshold of US$100,000 and drop further into the US$95,000–US$97,000 range. According to analysts, this area could serve as an attractive accumulation zone for long-term investors. Bitcoin last touched this range on May 7, 2025.