Strong Jobs Report Sends Dollar Flying As Bitcoin Falls Below $111K – End of BTC Bull Market?

A surprisingly strong ￰1￱ report thrusted financial markets this week, sending the dollar flying while Bitcoin tumbled below $111,000. Initial jobless claims dropped by 14,000 to 218,000 in the third week of September, marking a two-month low, while Q2 GDP growth was revised upward to 3.8% from 3.3% . The upbeat economic data lifted the ￰2￱ Index (DXY) to a three-week high, rising 0.3% on the day, but weighed heavily on risk assets, with Bitcoin now testing support near $111,000. Dollar popped on the strong data $DXY +0.3% ￰3￱ — Mike Zaccardi, CFA, CMT (@MikeZaccardi) September 25, 2025 Economic Strength Slashes Rate Cut Odds as Bitcoin Falls Below $111K Bloomberg Terminal data show that the fresh economic data weakens the case for rapid Fed ￰4￱ last week’s 25-bp cut, Fed Governor Miran pushed for faster easing , but Powell urged ￰5￱ of an October rate cut have now gone down to 85.5% from 92%, according to data from CME Group’s FedWatch Tool .) September 25, 2025 Ongoing conflicts in Gaza have also prompted traders to seek safe-haven assets, such as gold, leaving Bitcoin struggling to attract new inflows.

However, some market analysts see this as a temporary bearish ￰6￱ and Long-Term Investors Confident BTC Bull Market Not Yet Over Crypto analyst Rekt Capital revealed that while Bitcoin is struggling below $112K, the 21-week EMA keeps climbing to try to reclaim $114,200 to invalidate the bearish ￰7￱ confirmed that the BTC price needs to remain above this EMA going forward to position for a reclaim of bullish territory and attempt a new high.) could reach $1 million by 2030. Similarly, crypto billionaire and former BitMEX CEO Arthur Hayes also forecast that Bitcoin would reach $1M and could even surge as high as $3.4 million by ￰8￱ prediction hinges on Treasury Secretary Scott Bessent implementing yield curve control policies that could trigger massive money printing, creating what Hayes calls a “ once in a century change of the global monetary architecture .” @CryptoHayes predicts $3.4 million Bitcoin by 2028 based on Treasury yield curve control policies and massive money printing scenarios. #Bitcoin #Prediction ￰0￱ — ￰9￱ (@cryptonews) September 23, 2025 Technical Analysis: Bitcoin’s $116K Rejection Points to $108K Target On the technical front, the Bitcoin 1-hour chart shows that price has broken down from the upward channel that supported the recent rally, slipping below the $116,000 resistance and testing the $112,000 support ￰10￱ failed breakout attempts around resistance suggest that sellers have gained control, and the recent drop confirms weakening momentum.