Bitcoin price forecast today macro traders factor bitcoin price

Macro traders factor bitcoin price forecast today into broader risk strategies, noting that weaker US employment data later could trigger additional bullish flows into BTC as investors hedge currency risk. Economists forecast 52,000 jobs added in September, a sharp rebound from August’s 22,000 (revised to 18,000). Unemployment should hold steady at +4.3%, with average hourly earnings rising +0.3%, matching August’s pace. Momentum indicators confirm a renewed expansion phase, with immediate resistance at $124,450 (Fibonacci 127.2%) and $128,733 (Fibonacci 161.8%) . Key support lies between $114K–$118K , and a sustained hold above $120K could solidify a new trading floor, setting the stage for a sweep above $124K and possibly testing the psychological $130K threshold. With liquidity deepening, bitcoin price forecast today points to steady accumulation from retail and professional desks. Exchange outflow metrics show BTC moving to cold wallets, hinting at longer-term holding behavior.