Bitcoin Awaits Powell’s Words: A Make-or-Break Moment for the Market
The global crypto market is holding its breath as U.S. Federal Reserve Chair Jerome Powell prepares to speak at the annual Jackson Hole Summit on August 22.
🔎 According to analysts, Powell’s stance could define the Federal Reserve’s September policy, and Bitcoin traders are on high alert.
Why This Matters
Several major cryptocurrencies recently touched historical highs, triggering profit-taking.
The Fed’s comments on interest rates have historically impacted both traditional and digital markets.
This year, Powell is expected to provide clear signals on the Fed’s future moves.
Market Expectations
Analysts believe a 25 basis point rate cut is likely in September.
But if Powell’s remarks suggest “no cut,” Bitcoin may face continued selling pressure.
Traders are watching the 200-day moving average near $100,000 as a crucial support level.
The Bigger Picture
Bitcoin’s short-term future could swing drastically depending on Powell’s tone:
Dovish Powell (rate cut hint) → Risk assets, including BTC, may rally.
Hawkish Powell (no cut) → Market turbulence, possible BTC dip.
⚡️ With uncertainty at its peak, the question remains: Will Powell’s speech act as Bitcoin’s lifeline — or its next big hurdle?
👉 What’s your prediction? Rate cut = Pump or Pain? Comment below!
