21shares Analyst Sees Bitcoin Path to $97K as Weak Jobs Data Shift Fed Odds
- —U.S. employers added 29,000 jobs in September with unemployment at 4.2%; July-August gains were revised down by 60,000
- —Rate-hike odds fell more than 35% over the week, per 21shares
- —21shares estimates roughly $7 billion in Q3 net inflows into bitcoin ETFs, the strongest quarter since Q3 2025
- —The firm's targets: ether at $4,000 and solana at $140
Why it matters: A clean break above $87,000 would confirm the shift toward a softer Fed stance and could set bitcoin up for $90K-$97K into year-end.
Source: Bitcoin.com