Bitcoin Surges Past $90K as Robust U.S. Jobs Data Drives $100K Aspirations

Bitcoin has successfully bounced back above the $90,000 mark after a short dip to around $89,000 yesterday.

Key Takeaways

Bitcoin has regained the $90,000 level, rallying from $89,200 to about $92,000.
Strong employment data indicates a declining unemployment rate of 4.4%, despite previous downward revisions.
Analysts predict Bitcoin could reach between $103K and $105K within the next month.
Market expectations are high for the Federal Reserve to hold interest rates steady in its upcoming meeting.
Increased demand for Bitcoin suggests a shift in investor sentiment and positioning for the upcoming year.

Bitcoin Reclaims $90K as Strong U.S Jobs Data Fuels $100K Push

The leading cryptocurrency climbed from approximately $89,200 to around $92,000 within six hours, boosted by significant spot trading volume that surpassed $39 billion, according to Coingecko’s market data.

This upward trend follows the release of positive employment figures from the Bureau of Labor Statistics earlier today.

Strong Job Data Triggers Price Rally: Fed Rate Hold Likely

The report indicated that nonfarm payrolls increased by 50,000 in the last month, although previous months were revised downward. The unemployment rate fell to 4.4%, recovering after a prolonged government shutdown.

Bitcoin Strong U.S Jobs Data - Fed Unemployment Rate Chart

The slight easing in U.S. employment led the Federal Reserve to implement three consecutive rate cuts towards the end of 2025.

Despite one of the weakest hiring periods since 2009, companies have largely avoided mass layoffs.

However, other employment metrics indicate a stabilization in the job market.

Recent corporate layoff announcements dropped last month, hiring intentions increased, and the services sector experienced its best employment growth since February.

Market analysts suggest that “limited layoffs combined with measured hiring indicate a moderating rather than deteriorating labor market as the Fed ponders its next policy adjustment.”

Members of the Federal Reserve, scheduled to meet later this month, appear divided on the need for further rate cuts this year.

Market expectations remain high that officials will keep rates unchanged at their January meeting, with Polymarket odds at 97% suggesting the Fed will hold steady at the January 28 FOMC gathering.

Bitcoin Strong U.S Jobs Data - Polymarket Screenshot

Analysts Set Sights on $105K as Bitcoin Breaks 3-Month Downtrend

Crypto analyst Bitbull reports that Bitcoin’s recent rebound has allowed it to break free from a three-month downward trend and currently maintain a position above the breakout point.

The weekly RSI indicator supports the potential for further gains, with the analyst forecasting “BTC could reach $103K-$105K within the next 3-4 weeks.”

Fellow crypto investor RektCapital shares a similar optimistic viewpoint, observing that Bitcoin is once again testing the $93,500 level, which coincides with both the weekly range resistance and a multi-week downtrend established in mid-October 2025.

According to RektCapital, “this marks only the third significant test of this downtrend.”

He predicts that a weekly close above $93,500, followed by a successful retest akin to previous patterns, would validate both a weekly range breakout and a breach of the weekly downtrend.

Bitcoin Strong U.S Jobs Data - Bitcoin Price Chart

Such an outcome would position Bitcoin to challenge the converging bull market exponential moving averages—the 50-week EMA at $96,000 and the 21-week EMA at $101,000.

RektCapital emphasizes that “historical trends suggest a strong likelihood of crossing these EMAs.”

While a weekly range breakout and downtrend breach would signify positive momentum, the key milestone for a sustained bullish trend will be reclaiming the bull market EMAs as support.

For Bitcoin to advance towards six figures, achieving both a range breakout and breaking the weekly downtrend are crucial steps for approaching those EMA levels.

Data from Bitfinex shows that large holders are rapidly reducing their Bitcoin long positions.

This pattern was last observed before a 50% price surge from $74,000 to $112,000, marking a new all-time high within 43 days.

Increased Bitcoin Demand as Investors Gear Up for 2026

Sentiment across the cryptocurrency market has improved overall.

Petr Kozyakov, co-founder and CEO of Mercuryo, mentioned to Cryptonews that investors are fine-tuning their positions in crypto assets for the coming year.

“Cryptocurrency markets are seeing gains as investors integrate digital gold into their portfolios,” stated Kozyakov, reflecting a renewed interest in Bitcoin.

He observed that despite waning sentiment in late 2024, the fundamental outlook remains strong, buoyed by ongoing infrastructure advancements and increasing liquidity in areas like stablecoins.