‼️‼️#Bitcoin Market Awaits Fed Chair #Powell's Speech Amid Economic Uncertainty‼️‼️
All Eyes Are On Powell—will Bitcoin stabilize or Slip further?
The Crypto Market is Holding its Breath Ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole Summit on Friday, August 22.
📌 Analyst Ryan Rabaglia (Rise Capital) notes profit-taking across major cryptos as several approach historical highs.
📌 The market is expecting a 25 bps rate cut, but Powell’s stance will be crucial in setting September’s tone.
📌 Analyst Bruni warns: if no rate cut signals appear this week, Bitcoin may face more downside pressure, with the 200-day MA near $100K as the key support.
👀 All eyes are on Powell—will Bitcoin stabilize or slip further?