According to BlockBeats, on September 18, Matrixport released a research report today saying that Bitcoin prices may experience significant fluctuations. Recently, cryptocurrencies have been fluctuating in a downward channel. Although there were signs of a rebound, their upward momentum may have stagnated. This is on the eve of the Fed’s interest rate decision, especially Chairman Powell’s guidance on future interest rate cuts has attracted much attention.
Currently, a newly formed triangle pattern is exerting downward pressure on the price of Bitcoin. The market focus is on Chairman Powell and his economic outlook, as his speech is likely to influence the next direction of the market. Bitcoin has increasingly evolved into a macro asset that reflects overall economic trends.
