Bitcoin Eyes Higher Levels After Five Days of ETF Inflows and Weak Jobs Data

• Bitcoin climbed above $65,000 after weak US jobs data shifted Federal Reserve rate expectations.
• US spot Bitcoin ETFs recorded five consecutive days of net inflows.
• BTC must break above $69,000 for stronger confirmation of renewed bullish momentum.

Bitcoin — BTC, has started August with a stronger push after a rough stretch. BTC climbed above $65,000 as weak US jobs data changed rate expectations. Five straight days of ETF inflows also offered fresh support. Traders now watch whether Bitcoin can break beyond the current range. The latest move does not confirm a major breakout yet. Still, falling job numbers and steady institutional demand have improved the short-term setup. That combination deserves attention across global markets.

Weak Jobs Data Changes the Bitcoin Outlook

Bitcoin reached $65,340 on Friday, marking the highest level in August. The move represented a 1.3% daily gain. Bitcoin also held a weekly gain above 3%. The rally followed a disappointing US employment report. The Bureau of Labor Statistics reported a loss of 23,000 jobs during July. Economists had expected an increase of roughly 85,000 jobs.

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