Bitcoin price trends remain heavily influenced by Friday's data, which is crucial for predicting future movements. Bitcoin (BTC) and altcoins have faced significant declines recently, with BTC dropping $2,000-$3,000 after key announcements. After falling to $97,000, it rebounded slightly to $100,000 overnight.

All eyes are now on US nonfarm payrolls data, a key indicator of economic health and a factor in the Federal Reserve's interest rate decisions. This data, which is released on the first Friday of every month, is closely watched by investors and analysts.
Key market developments:
US stocks closed lower on Wednesday.
The British pound hit a one-year low.
British bond yields hit a 16-year high, while gold prices climbed to levels not seen since mid-December.
The US government is reportedly considering selling its bitcoins ahead of Trump's possible return to office. However, Trump's pro-crypto stance and opposition from his advisers may delay these plans. Resistance to such sales could prevent the price of BTC from falling sharply.
If Trump were to implement economic growth strategies and turn negative inflation data into positive, Bitcoin could reach new highs and potentially surpass $150,000. Experts predict that BTC could climb as high as $180,000 by Q2 2025, supported by higher hash rates and positive economic sentiment.
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