#PowellWatch
Bitcoin Battles $114K Resistance Ahead of Powell’s Speech
#Bitcoin is trading near $112,934, struggling to push past the $114K barrier as traders eye the Jackson Hole symposium. Fed Chair Jerome Powell’s speech could sway rate-cut expectations and set the tone for BTC’s next move.
🔑 Key Levels to Watch
Resistance: $114,000
Support: $109,850 – $111,900
A break above $114K could fuel fresh momentum toward higher targets, while losing support risks pushing Bitcoin back into consolidation.
👉 Do you think Powell’s remarks will give Bitcoin the breakout it needs, or will resistance hold strong?
