The price of Bitcoin is poised to reach new all-time highs, according to crypto researcher Markus Thielen, as the United States job market shows signs of slowing down and inflation cools. Thielen believes that if the U.S. Consumer Price Index (CPI) reports a decrease of 0.1% or more, it will lead to a surge in Bitcoin's price, potentially reaching new all-time highs.

The U.S. Bureau of Labor Statistics reported that job openings have slowed down significantly, with 8.1 million openings in April, the lowest in three years. This, combined with a higher ratio of unemployed persons per job opening, suggests an economic slowdown, which could lead to lower inflation. Thielen notes that a weaker surprise in the CPI report could lead to rate cuts, which would be bullish for Bitcoin.

Bitcoin has already broken out of a key consolidation triangle, and a close above this level, combined with lower U.S. inflation or employment figures, could lead to a clear path toward Bitcoin breaking its current all-time high of $73,679. The U.S. Bureau of Labor Statistics will release the Employment Situation Summary on June 7, followed by CPI data on June 11.

Thielen's prediction comes as BlackRock and Citadel Securities back a new national stock exchange in Texas, which could offer a more competitive alternative to the two major U.S. stock exchanges and potentially lead to lower fees for companies looking to go public. The approval of spot Bitcoin ETFs in the U.S. and other jurisdictions is also seen as a bullish sign for the cryptocurrency.

The Texas Stock Exchange (TXSE) has reportedly secured approximately $120 million in funding and intends to file registration statements with the United States Securities and Exchange Commission (SEC) toward the end of 2024. The TXSE is focused on securing ETF listings, including those for cryptocurrencies, and could provide another alternative for crypto companies looking to go public.

As the market continues to evolve, it will be interesting to see whether Bitcoin's price will indeed surge to new all-time highs or experience a significant correction. One thing is certain, however - the cryptocurrency space is full of excitement and possibilities, and it will be fascinating to watch it unfold in the coming months and years.

The recent surge in Bitcoin's price has also led to increased mainstream attention, with many media outlets and financial analysts weighing in on the cryptocurrency's potential. Some have predicted that Bitcoin could reach as high as $100,000 or more in the coming months, while others have expressed skepticism about its long-term viability.

Despite the uncertainty, one thing is clear - Bitcoin and the broader cryptocurrency market are here to stay. With their decentralized nature, security, and potential for high returns, cryptocurrencies have captured the imagination of investors and traders around the world.

As the market continues to unfold, it will be important to keep an eye on key economic indicators, such as inflation and employment figures, as well as regulatory developments and institutional investment in the cryptocurrency space. One thing is certain, however - the cryptocurrency space is full of excitement and possibilities, and it will be fascinating to watch it unfold in the coming months and years.

The predicted surge in Bitcoin's price is a testament to the cryptocurrency's potential and the growing interest in the cryptocurrency market. As the market continues to evolve, it will be important to stay informed and up-to-date on the latest developments and trends in the cryptocurrency space.