Bitcoin may see significant fluctuations after the Fed's decision
On September 18, a research report was released today saying that Bitcoin prices may see significant fluctuations. Recently, cryptocurrencies have been fluctuating in a downward channel. Although they once showed signs of rebound, their upward momentum may have stagnated. This is just before the Fed's interest rate decision, especially Chairman Powell's guidance on future interest rate cuts.
Currently, a newly formed triangle pattern has exerted downward pressure on Bitcoin prices. The market focus is on Chairman Powell and his economic outlook, as his speech is likely to affect the next move of the market. Bitcoin has increasingly evolved into a macro asset that reflects overall economic trends.
