Essential highlights:<\/strong><\/p>\n Bitcoin falters with fluctuations surrounding US employment statistics, leading to a plunge below $111,000.<\/p>\n<\/li>\n BTC market movements relinquish all its advancements while gold achieves yet another unprecedented peak.<\/p>\n<\/li>\n Traders uphold forecasts for a $100,000 support retest.<\/p>\n<\/li>\n<\/ul>\n Bitcoin (BTC<\/a>) became erratic at Friday\u2019s Wall Street commencement as US employment data fell significantly short of projections.<\/p>\n Information from Cointelegraph Markets Pro<\/a> and TradingView<\/a> indicated BTC\/USD achieving new September peaks of $113,400 before dropping nearly $3,000 within an hour.<\/p>\n The August report of US nonfarm payrolls (NFP) confirmed the economy added 22,000 positions \u2014 substantially lower than the anticipated 75,000.<\/p>\n The strength of the US dollar decreased as a result, while gold reached new all-time highs.<\/p>\n In reaction, market stakeholders concurred that the trajectory was now set for a significant risk-asset tailwind event: the Federal Reserve lowering interest rates<\/a> at its Sept. 17 assembly.<\/p>\n Data from CME Group\u2019s FedWatch Tool<\/a> highlighted the probability of such an outcome.<\/p>\n \u201cThis signifies the 2nd lowest jobs report figure since July 2021,\u201d trading source The Kobeissi Letter noted in part of a thread on X<\/a>. <\/p>\n \u201cThe labor market is swiftly declining.\u201d<\/p><\/blockquote>\n Kobeissi observed that the employment figures for prior months had also been revised downwards.<\/p>\n \u201cThe labor market is much more dire than you might realize: Not only was June’s job number negative, but the US economy lost -357,000 full-time jobs in August,\u201d founder Adam Kobeissi added<\/a>.<\/p>\n Notwithstanding the favorable implications of the NFP print for Bitcoin, BTC market movements presented a notably lackluster response.<\/p>\n Related: <\/strong><\/em>Bitcoin sets 2024-style bear trap ahead of \u2018major short squeeze\u2019:\u00a0Trader<\/strong><\/em><\/a><\/p>\n This did not go unnoticed by some market participants, including renowned commentator WhalePanda.<\/p>\n Who prohibited Bitcoin? pic.twitter.com\/iOKhtC7Z3O<\/a><\/p>\n \u2014 WhalePanda (@WhalePanda) September 5, 2025<\/a><\/p><\/blockquote>\n Traders instead focused on crucial resistance levels still needing to be converted back to support. Well-known trader Daan Crypto Trades pointed out the 200-period simple (SMA) and exponential (EMA) moving averages on four-hour timeframes.<\/p>\n \u201cThe 4H 200MA & EMA are usually regarded as a reliable momentum indicator for the short to mid-term trend. These have both acted as resistance for several weeks and are currently being tested again,\u201d part of an X post elaborated.<\/p>\n \u201cThis is a very critical level to regain for further upside,\u201d fellow trader ZYN concurred<\/a> about the pre-NFP price zone, adding that \u201cbulls will be completely back\u201d should the $113,000 support return.<\/p>\n Pessimistic views persisted, with crypto investor and entrepreneur Ted Pillows reiterating forecasts of a decline toward $100,000.<\/p>\n \u201cMoreover, if this level fails to hold, BTC could fall around the $92K-$94K CME gap level,\u201d he cautioned<\/a> on the day.<\/p>\n This article does not offer investment advice or recommendations. Every investment and trading action carries risk, and readers should perform their own research when making decisions.<\/p>\n <\/div>\n\n
Gold surpasses record as US labor market \u201cswiftly declining\u201d<\/h2>\n
Bitcoin price forecasts focus on $100,000 dip<\/h2>\n
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