BTC Price Prediction Ahead of US Jobs Report, CPI Data and U.S. Government Shutdown

Bitcoin price remained near $66,000 on Wednesday, after a slight dip, as the market awaits key economic reports. These are the U.S. jobs data, Consumer Price Index (CPI) data, and prospects on the U.S. government shutdown. 

Meanwhile, Ethereum price is trading below $2,000, which indicates a generally bearish mood. The crypto market has been on a downward trend of 2.53%, and market capitalization is at 2.29 trillion.

Key Events to Watch: US Jobs, CPI Data, and the Looming Government Shutdown

The U.S. economic calendar is expected to release the January employment report, which will cover important metrics like Nonfarm Payrolls, the Unemployment Rate, and wage inflation. This information will give a better idea of what the job market will look like in 2026, illuminating trends in January and late 2025.

The report has been postponed as a short-term government shutdown was released. The data will be used to establish whether the labor market has improved. In December, 50,000 jobs were added, which was in line with the annual average.

The rate of unemployment was reduced to 4.4%, which is a low level when compared to the past. In the case of January, the economists will see the increase in jobs grow to 55,000, and the unemployment rate will remain the same at 4.4%.

U.S. hiring has been influenced by a number of factors in recent months, such as tariffs, the immigration crackdown, and the influence of artificial intelligence. These have produced confusion in the labor market.

In China, the consumer inflation figure of January recorded an increase of 0.2, lower than the forecasted 0.4. The December inflation was more at 0.8%. In the meantime, the producer price index in China decreased by 1.4%, which is a slightly subdued index compared to the anticipated 1.5%.

There is also the increasing concern over U.S. government shutdown. The probability of a partial shutdown of the Department of Homeland Security, which is likely to start at midnight on February 13, is high in prediction markets.

BTC Price Declines Amid Consolidation, Eyes Key Support at $65,000

The BTC price decreased to $66,971.89 on February 11, 2026, dropping by 2%. The price is exhibiting high consolidation following the resistance faced around the price of $70,000 level.

The Relative Strength Index (RSI) is at 37.01, which is lower than the neutral 50 level, which means that there is a possibility that the market is oversold. In the meantime, the Moving Average Convergence Divergence (MACD) is deep in negative indicating a bearish market structure.

In terms of the long-term Bitcoin forecast, the key resistance level is currently at $72,000, which the BTC price needs to break above for a potential bullish move. On the negative side, any further drops will challenge the support of $65,000, and additional loss to $60,000 in case the selling pressure continues.

To sum up, the Bitcoin price is facing pressure, trading at around $66,000 before the major economic figures, such as the U.S. jobs report and CPI rates, are announced. The market is uncertain because of the possible government shutdown and the wider bearish mood. BTC’s next support levels are about $65,000, with crucial resistance at $72,000.