Will Fed Chair Powell finally disrupt the sideways Bitcoin trading range today?
Tedtalksmacro referenced major U.S. bank projections for the Fed to halt its rate hike cycle in place since late 2021.continued to fall in line with the forecast, showing 92% odds of a rate hike pause at the time of writing.Beyond the rate decision, U.S. dollar strength formed a topic of debate among Bitcoin analysts, with Crypto Ed eyeing a potential bounce from support that could cause problems for BTC/USD.alongside a chart of the U.S. dollar index .
“If this means its correction is finished and it continues its way up, I’m expecting pressure on BTC.”Nearly three months of BTC price “falling wedge” When it comes to BTC price action overall, popular trader and analyst Rekt Capital adopted a more optimistic view.
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