BNB$739.32+0.00%BRENT$96.94+0.69%BTC$79,085-0.10%COPPER$6.64+0.64%DJI$53,414-0.51%DOGE$0.0906+0.04%DXY99.18+0.00%ETH$2,486-0.07%GOLD$4,410-0.51%NDX$29,544+0.21%SILVER$66.25+0.40%SOL$103.76+0.02%SPX$7,719-0.38%US10Y4.78+0.00%VIX15.30+5.30%BNB$739.32+0.00%BRENT$96.94+0.69%BTC$79,085-0.10%COPPER$6.64+0.64%DJI$53,414-0.51%DOGE$0.0906+0.04%DXY99.18+0.00%ETH$2,486-0.07%GOLD$4,410-0.51%NDX$29,544+0.21%SILVER$66.25+0.40%SOL$103.76+0.02%SPX$7,719-0.38%US10Y4.78+0.00%VIX15.30+5.30%
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UBS Forecasts Bitcoin Pressure Amid Strong Jobs Data

BTC ↓ Strong

Key takeaways

  • BTC: BTC — Strong bearish
  • UBS's hawkish reversal, prompted by strong jobs data, may lead to increased pressure on Bitcoin through December as the Fed focuses on inflation.

Analysis

UBS's hawkish reversal, prompted by strong jobs data, may lead to increased pressure on Bitcoin through December as the Fed focuses on inflation.

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