Analyst Sees Bitcoin Path to $97K as Weak Jobs Data Shift Fed Odds

Crypto Insight Summary: Bitcoin’s recovery is drawing support from softer employment figures and renewed investment demand, according to 21shares. The firm’s strategist views reduced expectations for further monetary tightening as favorable for cryptocurrencies heading into the final quarter. Softer Jobs Data Put Bitcoin’s $87K Barrier in Focus Bitcoin broke through $85,000-$86,000 overnight and was testing $87,000 on Oct. […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Weaker jobs data and dovish Fed outlook boost BTC's bullish momentum.