Bitcoin Poised for New Highs as US Employment and Inflation Data Points to Economic Slowdown

Crypto researcher Markus Thielen predicts Bitcoin (BTC) could reach new highs in the coming days if it remains stable amidst declining job openings and slowing inflation in the United States. Job openings, an indicator of economic activity, have recently reached their lowest point in three years, suggesting a potential economic slowdown. Thielen believes this, combined with a 0.1% decrease in the US Consumer Price Index (CPI), could lead to lower inflation, which historically has boosted Bitcoin prices. A CPI reading of 3.3% or lower on June 11th could trigger a surge in Bitcoin's value, pushing it to new all-time highs.