Bitcoin's price is impacted by a historic downward revision of US payroll data, which removed 911,000 jobs from earlier reports. This revision signals a troubling labor market and strengthens expectations for a Federal Reserve rate cut, which could favor Bitcoin's resurgence. The cuts predominantly affected consumer sectors, leading to the largest two-month net job revision in recent history. With the Fed likely to cut rates while inflation remains elevated, Bitcoin could benefit from enhanced liquidity conditions. Analysts suggest that if Bitcoin's correlation with market liquidity holds, the price could surge to between $167,000 and $185,000 in the fourth quarter. Gold has already responded positively to similar conditions, and Bitcoin may follow suit as liquidity expands ahead of potential Fed policy changes.

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