Bitcoin Prices Poised for Major Fluctuations Amid Fed Interest Rate Decision, Says Matrixport Report

According to a report released by Matrixport on September 18, Bitcoin prices might experience significant volatility soon. The cryptocurrency market has been trending downwards recently. Despite occasional rebound attempts, the upward momentum seems to have lost steam. This situation arises ahead of the Federal Reserve’s critical interest rate decision, particularly Chairman Powell’s insights on potential future rate cuts. Currently, a newly developed triangle pattern is putting downward pressure on Bitcoin prices. Market participants are keenly observing Chairman Powell’s economic outlook, as his remarks could steer the market’s next move. Bitcoin continues to evolve as a macro asset, increasingly mirroring broader economic trends.