Matrixport released today's research report that bitcoin prices may usher in major fluctuations. Recently, cryptocurrencies have been fluctuating in a downward channel. Although they have shown signs of rebound for a while, their upward momentum may have stalled. This comes on the eve of the Federal Reserve's interest rate decision, especially Chairperson Powell's guidance on future interest rate cuts.
A newly formed triangle is putting downward pressure on the price of Bitcoin. The focus is on Chairperson Powell and his economic outlook, as his remarks are likely to influence the market's next move. Bitcoin has increasingly evolved into a macro asset that reflects broader economic trends.
Matrixport: Bitcoin may experience significant fluctuations after the Federal Reserve's decision
2024-09-18 07:11:20
Matrixport release today research report bitcoin price ushered in major fluctuationsdesk3cryptocurrencydesktopCrypto News
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