As Bitcoin’s volatility stirs the crypto market cauldron, seasoned analyst Benjamin Cowen predicts an imminent decision time for the digital currency. The price trajectory of Bitcoin (BTC) teeters on a pivotal US economic indicator, moving seasoned traders and crypto enthusiasts to brace for impactful market shifts.

## Non-Farm Payrolls: The Game-Changer

In a revealing update to his impressive 863,000 YouTube followers, Cowen highlights the forthcoming non-farm payrolls (NFP) report, set to release on February 7th, as a potential harbinger for Bitcoin’s next big move. This report encapsulates the latest job figures in the US, excluding agricultural sectors, serving as a key barometer of economic health.

## Riding the Bullish Wave

Cowen suggests that Bitcoin’s fortunes could lean bullish if the unemployment figures hold steady at last month’s modest 4.1%. In his candid assessment, Cowen states, “If the unemployment rate comes in fine… 4.1%, 4.2% then my guess is that it’s more likely than not that Bitcoin would make another move up.”

The analyst indicates optimistic price targets, speculating on a potential Bitcoin price surge to anywhere between $120,000 and $150,000 if history rhymes with the past year’s performance.

## Possible Cycle Top

Cowen doesn’t sugarcoat the landscape, warning of a possible cycle top in Bitcoin’s rally, depending on market aggression. Drawing parallels with historical data, he recalls how the last crypto cycle reached its peak in April 2021.

Bitcoin is currently trading at $102,491, reflecting the market’s anticipatory stance ahead of the critical labor market data.

## Beyond the Speculation

For investors and market watchers, Cowen’s insights are a call to attention beyond the hysteria of day-trading speculation. The NFP report, with its broad economic implications, might not just decide Bitcoin’s fate but also influence broader financial sentiments in the crypto sphere.

### Stay Updated

Don’t miss the pulse of the market — subscribe for the latest updates and follow The Daily Hodl on [X](https://twitter.com/TheDailyHodl), [Facebook](https://www.facebook.com/thedailyhodl/), and [Telegram](https://t.me/thedailyhodl) for real-time analyses and insights.

*Disclaimer: This article is informational and should not be interpreted as investment advice. Conduct thorough research before making investment decisions in Bitcoin or any digital asset.*

Latest AI Art

  • score_9, score_8_up, score_7_up, professional photo, (masterpiece, best quality), absurdes, daring girl, bitch, vulgar, provocative, vulgar, liberated, large medium firm breast, narrow waist, low-cut bra, unbuttoned black shirt, white hair, sunglasses, sexy, white thighhighs, fashion, black panties, professional black background, btiflgrlsnr,
  • score_9, score_8_up, score_7_up, raw, 1girl, sexy woman, 30 years old, black hair, green eyes, pale, wavy hair, party clothes, cleavage, unbuttoned, blushing, mouth wide open, tongue out, stockings, bare feet, lingerie, seductive pose, large teardrop breasts, bubble butt, full body, plain peach background, freckles, pale, focus on tongue, hands on floor, kneeling
  • masterpiece, best quality, amazing quality, nsfw, explicit, from below, monster girl, 1girl, solo, pale pink hair, long hair, multicolored hair, (heterochromia:1.1), (blue eyes:0.9), pink eyebrows, thick eyelashes, (pointy ears:0.9), small breasts, looking at viewer, exposing blue latex, nude, (magical transparent wings:1.2), multiple wings, large wings, (cameltoe:0.8), one leg on stone, knee up, side view, outdoors, (swirling magic energy:1.3), fallen tree in background, full body, (dark shadows:0.7), (high contrast:0.7), volumetric lighting, intricate details, blurry background, depth of field
  • masterpiece, best quality, amazing quality, klskx, nsfw, explicit, 1girl, solo, pale pink hair, high ponytail, long ponytail, (heterochromia:1.1), (blue eyes:0.9), round glasses, pink eyebrows, eyelashes, small breasts, looking at viewer, unbuttoned dress shirt, black lace bra down, breasts out, tight pencil skirt, high heels, sheer pantyhose, undone tie hanging loosely, sitting on office desk, one leg crossed over the other, licking lips, indoors, modern office, dim warm lighting, stacks of paperwork, half-empty coffee cup, city skyline visible through window, elegant minimalistic furniture, (dark shadows:1.0), high contrast, volumetric lighting, intricate details, blurry background, depth of field
  • safe_pos, score_9, score_8_up, score_7_up, source_anime, rating_explicit, masterpiece, absurdres, (high quality), detailed skin, detailed iris, (detailed character design), (ultra-high resolution), perfectly composed, clear, breathtaking attention to detail, high-resolution, ultra detail, uncensored, narrow waist, ((detailed face, detailed skin), masterpiece, ultra details, ultra detailed, ultra quality, best quality) BREAK deflux, Luxanna Crownguard, blonde hair, blue eyes, long hair, black, sexy body, giant ass, perfect ass, round ass, trained thighs, thick thighs, huge breasts, round breasts, perfect breasts, shiny skin, blush, blushed, slutty, horny, slut, black eye lashes, athletic body, hard nipples, ((pale skin)), (horny tan lines), tight transparent yoga pants, crop top. BREAK ((brunette)), perfect face, huge hips, winking, slim hourglass figure, ((bending over a desk, ass focus)), narrowed eyes, belly button piercing, big breasts 1.5, cleavage, camel toe, pose, cleavage, parted lips, standing, oiled skin, looking at viewer, perfect nipples, (smiling), hair behind the ears BREAK indoors, luxurious bedroom, dark room, dramatic lighting, shadows, sharp contours, (((rear view)))

Discover More

Share This Story, Choose Your Platform!

Leave A Comment

Coins of the Hour

HOT TOPICS