BTC Holds Above $61K as Weak Jobs Data Eases Rate Hike Concerns

Bitcoin remained above the $61,000 level following the release of weaker-than-expected U.S. jobs data, which reduced fears of further interest rate hikes and prompted investors to consider rotating capital into Bitcoin and gold.

Jobs Report Shifts Market Sentiment

The latest U.S. employment report came in below expectations, signaling a potential slowdown in the labor market. Traders interpreted the figures as a sign that the Federal Reserve may have less justification to maintain an aggressive rate-hiking stance, easing pressure on risk assets across the board.

Historically, softer macroeconomic data has supported Bitcoin's price by weakening the U.S. dollar and increasing appetite for alternative stores of value. The current data release appears to be following a similar pattern, with BTC holding its ground near the $61,000 mark.

AI Sector Weakness and Capital Rotation

Alongside the jobs report, notable weakness in the artificial intelligence sector contributed to a broader reassessment of portfolio allocations. As tech-related equities faced selling pressure, analysts observed early signs of capital rotation away from high-growth technology stocks and toward hard assets such as Bitcoin and gold.

• Bitcoin maintained the $61,000 support level amid broader market volatility.
• Gold also attracted buying interest as investors sought safe-haven assets.
• AI-sector equities underperformed, adding to momentum for the rotation narrative.

BTC Price Outlook: Is the Bottom In?

Market participants are now debating whether Bitcoin has established a local bottom following its recent consolidation phase. Bulls are eyeing a potential move toward $70,000 if macro conditions continue to favor risk appetite and capital inflows into the crypto market persist.

However, analysts caution that a confirmed trend reversal would require sustained buying volume and a break above key resistance levels. The current price action, while encouraging for bulls, has not yet produced a definitive breakout signal.

Key Levels to Watch

Traders are closely monitoring the following price zones as Bitcoin attempts to build momentum:

• $61,000 — immediate support level currently holding.
• $65,000–$66,000 — intermediate resistance zone.
• $70,000 — key psychological and technical target for bulls.

The coming sessions are expected to be critical in determining whether the recent stabilization translates into a sustained recovery or remains a temporary relief rally driven by short-term macro factors.