The U.S. Labor Department’s new job numbers reached 256,000, exceeding forecasts of 160,000, which affected Bitcoin (BTC) prices, dropping them from 95,000 USD to 92,000 USD. These developments influenced trader’s expectations and impacted the Federal Reserve’s rate cut timeframe.

The rise in Treasury yields, driven by these economic indicators, pressured risk assets such as Bitcoin. Analysts predict further declines based on historical patterns that suggest Bitcoin might fall between 75,000 USD and 80,000 USD unless it regains certain support levels.

Some analysts remain optimistic, pointing to support at 91,000 USD as a potential recovery point. Upcoming economic data like the Producer Price Index and Consumer Price Index will likely shape future trader sentiment and Bitcoin’s trajectory.