Bitcoin Price Prediction: $97K Breakout Ahead if NFP Disappoints?

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

Part of the Team Since

Sep 2022

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

May 2, 2025

Bitcoin (BTC/USD) is trading at $96,880, up nearly 2% in the last 24 hours, with a market cap of $1.92 trillion. The leading cryptocurrency recently broke above the $96,244 resistance level and is hovering just below $97,500.

While price momentum has cooled slightly, the technical setup remains constructive—especially as traders await today’s U.S. Nonfarm Payrolls (NFP) report at 12:30pm GMT.

The NFP forecast for April is 138,000 jobs—well below March’s stronger-than-expected 228,000 gain.

With the unemployment rate expected to stay flat at 4.2%, a miss could spark rate cut speculation and boost BTC as investors hedge against a weaker dollar and falling yields.

Key NFP Expectations and Market Backdrop

• Nonfarm Payrolls (NFP): Forecast at 138K vs. previous 228K
• Unemployment Rate: Steady at 4.2%
• Average Hourly Earnings: Expected at 0.3%
• Factory Orders: Forecast to surge 4.4%, up from 0.6%

The U.S. labor market has shown early signs of cooling. March saw the highest job growth in three months, driven by healthcare (+54K), transportation (+23K), and social assistance (+24K).

However, downward revisions to prior months and stagnation in several sectors add weight to concerns of deceleration.

This macro backdrop matters for Bitcoin. Lower job growth may increase pressure on the Fed to ease policy. According to CME’s FedWatch, traders now price in four 25-basis-point cuts by year-end.

Technical Levels to Watch for Bitcoin

Bitcoin’s breakout was supported by rising volume and a positive MACD crossover. The 50-period EMA on the 4H chart is climbing, now near $94,053, suggesting momentum remains intact.

Trade Setup:

• Buy Entry: On a retest and bounce from $96,244
• Take Profit: $98,500
• Stop Loss: Below $95,000

BTC may consolidate before its next move. If NFP data comes in weaker than forecast, expect bullish continuation toward the $98.5K–$99.4K range. But a strong report could trigger a short-term pullback. Either way, volatility is imminent.

BTC Bull Token Crosses $5.22M as Flexible 78% Staking Yield Draws Investors

BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.22 million in funds raised as it nears its $5.96 million presale cap. Priced at $0.00249, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking.

Utility-Driven Tokenomics Fuel Demand

Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods.

This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment.

Current Presale Stats:

• USDT Raised: $5,226,067.3 of $5,963,550
• Current Price: $0.00249 per BTCBULL
• Staking Pool Total: 1,342,549,903 BTCBULL
• Estimated Yield: 78% annually

With less than $750K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle.