Bitcoin’s Price Response to the Recent Mixed U.S. Jobs Report

Bitcoin experienced both a surge and a decline following the release of a “mixed” U.S. Jobs report for November.

Key Takeaways

Bitcoin's price reacted sharply to a mixed U.S. Jobs report, initially rising over 3% before retracing some gains.
A strong jobs report suggests a resilient labor market, impacting expectations for interest rates.
Anticipated inflation data and the BoJ's rate decision could lead to a volatile week for Bitcoin.
Long-term holders are selling at high levels, raising concerns about potential market peaks.
Key price levels to watch include $83K, $90K, and $95K, with a potential for future all-time highs according to market analysts.

How did Bitcoin's price react to 'mixed' U.S Jobs report?

Initially, the cryptocurrency rose over 3%, climbing from $85K to $88K. However, it later lost some of those gains, trading at $86.6K at the time of writing.

Bitcoin Source: BTC/USDT, TradingView

The Jobs report displayed stronger results than anticipated, with 64,000 new jobs created instead of the expected 51,000. This indicates a robust labor market. The Federal Reserve (Fed) relies on labor data for their rate decisions, which suggested a lowered chance of an interest rate cut in January 2026.

Consequently, the probability of maintaining interest rates between 3.50% and 3.75% rose by 3% to 78%. This change affected market sentiment and caused Bitcoin [BTC] to retract.

Even so, the strong jobs report revealed that while full-time quality roles decreased, there was an increase in part-time jobs.

In a statement to AMBCrypto, David Hernandez, a Crypto Investment Specialist at 21Shares, commented, “Immediate selling pressure may emerge as traders reassess the risk landscape, compelling BTC to defend a crucial support zone.”

Anticipating a Volatile Week Ahead for BTC

In the upcoming week, Bitcoin may face heightened volatility, as U.S. inflation data is scheduled for release on December 18, followed by the Bank of Japan’s (BoJ) rate decision on December 19.

Should inflation data show stronger results, it could deter the Fed from making aggressive rate cuts, potentially pushing Bitcoin’s price lower. Conversely, if the inflation figures are weaker, it might lead to increased expectations of a rate cut and bolster BTC's momentum.

The market is particularly focused on the BoJ’s rate decision, with consensus suggesting a 25-basis-point hike. Previous rate hikes have triggered additional selling of Bitcoin, contributing to market uncertainty.

Furthermore, long-term Bitcoin holders (LTH), those who have held BTC for more than five months, have been steadily selling since July. In fact, the sell-off by LTH reached a five-year high, a trend that an analyst noted typically indicates a market peak.

Bitcoin Source: CryptoQuant

Additionally, U.S. spot BTC exchange-traded funds (ETFs) experienced $634 million in outflows earlier this week, signaling a more cautious approach ahead of the BoJ’s decision.

Key Levels to Monitor

What does the future hold for Bitcoin’s short-term price movements?

According to the 1-month liquidation heatmap, the immediate liquidity pool is around $83K, which may be tested first. Upside short-leveraged liquidity stands at $90K and $95K, both potential targets ahead of the expected market volatility. In the mid-term, however, Grayscale has projected a new all-time high (ATH) for BTC.

Bitcoin Source: CoinAnk

Final Thoughts