The Labor Market and Bitcoin
Labor Market Data Void and Bitcoin Cycle Parallels During Government Shutdown
Analyze how the US government shutdown obscures key labor market indicators, and discover historical patterns suggesting Bitcoin's next major rally might be imminent, despite data ambiguity.
Short Summary
- Official labor data is unavailable due to a US government shutdown, replacing expected 4.3% unemployment figures.
- Chicago Fed estimates suggest unemployment ticked up slightly to 4.34%, indicating minor softening, not crisis.
- Job openings are steady, but ADP data shows two recent negative payroll printings, signaling potential slowdown.
- Bitcoin charting strongly mirrors 2013, 2017, and 2020 cycles, positioning for a Q4 rally toward a market cycle top.
- The 50-week moving average sits at $100K, marking the critical point where the current cycle officially ends upon a weekly close below it.
This discussion explores the immediate impact of missing BLS data on risk assets, focusing on the limited indicators available like ADP figures and quit rates. It connects the current macroeconomic uncertainty to historical Bitcoin price action during similar post-election years, providing technical outlook benchmarks for investors.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Related videos
Bitcoin: The Structure of a Bear Market
Benjamin Cowen
33.1k views
Bitcoin: The Bear Market Blues
Benjamin Cowen
59.2k views
Bitcoin: The Bear Market Blues
Benjamin Cowen
65.7k views
Bitcoin Market Cycles
Benjamin Cowen
185.8k views
Bitcoin Market Cycles
Benjamin Cowen
98.6k views
Bitcoin Responds to the Labor Market
Benjamin Cowen
76.4k views
Bitcoin: Pre-Labor Market Release
Benjamin Cowen
58.5k views
Bitcoin Market Cycle Theory
Benjamin Cowen
165.1k views
Bitcoin and The Labor Market
Benjamin Cowen
47.7k views
Bitcoin Market Cycles
Benjamin Cowen
87.4k views
Top Comments (10)
I stopped arguing with my wife just to watch this new video from Ben.
Into The Cryptoverse Premium SALE: https://intothecryptoverse.com
I was about to walk down the aisle, told my best man to cover for me while I listen to Ben’s latest update.
I love the labormarketverse!
Just wicked below 110,000!
Block the streets! Ben has uploaded a new video!
😊 thanks ! 😊
Thank you Ben!
thanks benjamin
Great stuff
Unlock the Data Inside
Turn Videos into Knowledge
- Get FREE 10/day: transcripts, summaries, chats
- Chat with videos, export text & PDF
- $1 free API credit for RAG, chatbots & research
Free forever plan • All features unlocked
Top Comments (10)
I stopped arguing with my wife just to watch this new video from Ben.
Into The Cryptoverse Premium SALE: https://intothecryptoverse.com
I was about to walk down the aisle, told my best man to cover for me while I listen to Ben’s latest update.
I love the labormarketverse!
Just wicked below 110,000!
Block the streets! Ben has uploaded a new video!
😊 thanks ! 😊
Thank you Ben!
thanks benjamin
Great stuff