Bitcoin Dips Below $110,000 Following Disappointing Job Figures

The cryptocurrency market faces a setback as Bitcoin drops below $110,000. What factors are driving this decline, and what does the future hold for the industry?

Written by Charles Ledoux

Translated on September 5, 2025 at 13:39 by Simon Dumoulin

Digital Bitcoin cryptocurrency isolated on white.

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Bitcoin Plunges After Disappointing Private Employment Data

The positive momentum in the cryptocurrency market came to an abrupt halt this week, with Bitcoin falling below $110,000 following the release of disappointing U.S. private employment figures. This announcement, which caught analysts off guard, triggered a wave of selling across the market, impacting the entire sector.

Although investors expected some correction after Bitcoin’s recent all-time highs, the magnitude of the drop took many market participants by surprise. The private employment figures, released last Wednesday, revealed job creation well below expectations, fueling fears of an economic slowdown.

“This announcement sent a negative signal to investors, who chose to unload their positions in Bitcoin and other crypto assets,” explains Stéphane Dupont, crypto analyst at XYZ Finance. “The market now appears more sensitive to macroeconomic indicators, making the task more complex for traders.”

Positive Outlook and Ongoing Rebound

At the time of writing, Bitcoin is trading at $111,600, up 2.2% from yesterday’s low of $109,300. According to Killa, Bitcoin could now target $113,500 in the coming days as the $110,000 level has been maintained.

$BTC

Liquidations building at 112.6-114K. Major cluster on 2W

We also have local liquidations at 109.5K which may get tested during a sweep with some deeper liquidations at 107K.

As long as we hold the local liquidations, we are good for higher. pic.twitter.com/bhHKiFbVbp
— Killa (@KillaXBT) September 4, 2025

This drop also corresponds to a liquidation of long positions down to $109,000. Now, many short positions are positioned above $113,000.

From a technical perspective, Bitcoin’s 2H chart and Fibonacci levels indicate a potential target up to $117,900 in the coming days if the $113,500 level is broken.

Meanwhile, institutional interest remains solid. Additionally, analysts anticipate that upcoming economic publications could restore visibility and confidence among investors.

Although BTC’s recent plunge has raised concerns among many investors, it doesn’t challenge the long-term outlook for the crypto market. Industry participants will nevertheless need to remain vigilant given Bitcoin’s increased sensitivity to macroeconomic indicators and the approaching interest rate announcements on September 17. A thorough analysis of trends and fundamentals remains essential for successfully navigating this volatile environment.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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