Bitcoin’s Bullish Rebound Ahead of Key Jobs Report
Bitcoin regained its momentum on Friday when it touched $112,000 for a short time, showing bullish sentiment. The move followed renewed optimism ahead of the latest U.S. jobs report, and traders say that this could be important in shaping Federal Reserve policy.
At the same time, investors are eyeing new tokens with high utility and growth potential. Moonshot MAGAX (MAGAX) is emerging as a frontrunner targeting an extraordinary 16,500% ROI post-listing.
Analysts Feel Optimistic as BTC Regains $112,000
After days of sideways movement, Bitcoin (BTC) broke higher during the European trading session, touching $112,900 before consolidating near $111,238. Analysts noted that bulls were attempting to flip the $111,500-$113,000 zone into support, and this is one of the largest liquidity clusters on exchange order books.
BTC reached $112K after $14.32 million in short positions were liquidated, fueling upward momentum. Sustaining above this level is crucial for continued market confidence and further opportunities.
Traders Focus on Friday’s US Jobs Data
The U.S. jobs report, released Friday, has emerged as the key driver for both traders and crypto markets this week. Analysts say that the labor market is showing signs of stress, and job openings are lower than the number of unemployed people.
If the report indicates a contracting labor market, expectations will increase for the Federal Reserve to cut interest rates in September. Market data is saying that there’s a 99.4% probability of a 25 basis point cut, with some traders even pricing in the possibility of a deeper 50 basis point reduction.
Rate cuts are usually bullish for BTC and other cryptocurrencies, because a looser monetary policy increases liquidity and lowers borrowing costs. BTC has been bouncing off support levels already, and having a dovish Fed pivot could be the push that it needs to rally in the fourth quarter.
New Crypto Uses Robust Utility to Target 16,500% ROI
While Bitcoin dominates headlines, traders are looking for high-growth opportunities beyond established tokens. One of the most talked-about projects is Moonshot MAGAX, a meme-to-earn cryptocurrency that combines entertainment with blockchain utility.
Unlike the traditional meme coins that rely mostly on hype, MAGAX introduces a utility-driven ecosystem that’s powered by AI. It uses Loomint AI to detect viral memes and then rewards both creators and promoters with MAGAX tokens.
Holders can stake MAGAX for rewards, multipliers, and early access to future benefits. They can also vote on ecosystem incentives and upgrades, which allows everyone to contribute to the ecosystem.
What’s more, the MAGAX token is built to remain scarce with token burns and locked supply mechanisms, boosting long-term value. All these mechanisms are the reasons why analysts predict an extraordinary 16,500% ROI potential for MAGAX after its exchange listing.
MAGAX Presale Sees Massive Investor Interest
The Stage 2 presale of MAGAX is attracting strong attention from retail and institutional investors alike. So far, the presale is over 70% complete and is moving way faster than Stage 1.
At the current Stage 2 price of $0.000293, MAGAX represents the lowest possible entry point before the price increases to $0.000318 in Stage 3. Early backers are grabbing the opportunity to buy MAGAX at a discount, as they prepare for a major upside.
Be part of the Moonshot Magax Presale Community
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