Bitcoin price breaks through key resistance level, but will Fed's Powell send prices soaring on Friday?
Bitcoin price suffered a strong decline at 50DMA around $61,300 ahead of Fed Chairman Powell’s important speech. What’s next?
On Thursday, the Bitcoin (BTC) price broke through a strong 50DM resistance level of around $61,300 before retreating to around $60,000, even as new economic data overturned the view that the U.S. economy is about to fall into a recession.
But Federal Reserve Chairman Jerome Powell is expected to hint at a series of rate cuts starting next month in a speech tomorrow. Will this send Bitcoin prices soaring?
Will Powell Send Bitcoin Prices Soaring?
