# **๐ Bitcoin Crashes Below $116K After Powell's Hawkish Stance โ What's Next?**
**Breaking:** Bitcoin just nosedived **below $116,000** after Fed Chair Jerome Powell doubled down on his **anti-tariff, anti-inflation** stance. Is this a temporary dip or the start of a deeper correction? Letโs break it down.
## **๐ฅ What Powell Said (And Why Crypto Tanked)**
- **๐จ Hawkish Tone:** Powell warned that **Trumpโs tariffs could spike inflation**
- **๐ธ Rate Cuts Delayed?** Markets now betting on **higher-for-longer rates**
- **๐ Risk Assets Shaken:** BTC, ETH, and stocks all took a hit
**Key Quote:**
*"We wonโt let tariffs fuel runaway inflation."* โ Powell
## **๐ Bitcoin Price Analysis: Key Levels to Watch**
๐ด **Resistance:** $120,000 (new psychological barrier)
๐ข **Support:** $112,000 (must hold to avoid deeper drop)
โก **Next Catalyst:** Fridayโs **PCE inflation data**
**Short-Term Outlook:**
- If **$112K holds** โ Possible bounce
- If **broken** โ Next stop **$105K**
## **๐ก How Traders Are Reacting**
โ **Bulls:** Buying the dip, betting on **post-Fed rebound**
โ **Bears:** Shorting rallies, targeting **$105K**
โ ๏ธ **Caution:** Volatility expected until **PCE data clears the air**
## **๐ฃ๏ธ What Influencers Are Saying**
- **@CryptoKaleo :** *"BTC always shakes out weak hands before ripping. This could be the last dip before $150K."*
- **@Jimmy Crypto :** *"Altcoins will bleed harder if BTC loses $112K."*
## **๐ฏ Final Verdict: Should You Panic?**
- **If youโre holding long-term:** Stay calmโBTC has survived worse.
- **If youโre trading:** Watch **$112K support** and Fridayโs **PCE data**.
- **If youโre in alts:** Consider **rebalancing into BTC** until stability returns.
**Whatโs your move?** Buying the dip or waiting it out? Drop your thoughts below! ๐ #Bitcoin #Fed #FOMCMeeting $BTC