Labor pain, crypto gain — How weak JOLTS data sets path for Bitcoin price to rally — TradingView News
Key points:
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Weak labor and consumer data often precede Bitcoin rallies, leading some analysts to anticipate future economic stimulus programs.
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Job openings fell to 7.2 million in March versus the 7.5 million forecast and consumer confidence hit its lowest level since January 2021.
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If past patterns hold, Bitcoin could rally by mid-July and possibly reach $140,000 by October 2025.
Macroeconomic conditions have long been seen as a major influence on cryptocurrency prices. Generally, Bitcoin 
BTCUSD and altcoins perform poorly when investors fear that employment and consumer data are weakening.
According to a US Labor Department JOLTS report released on April 29, job openings in March approached their lowest levels in four years. US employers…
