“What says Powell tonight?” – Crucial speech can explode Bitcoin course

Tonight at 7 p.m. Dutch time, the financial world looks at FED chairman Jerome Powell. During a speech at an anniversary conference in Washington it may become clear whether an interest rate will be in sight. Investors on both stock and crypto markets hope for an interpretation. For Bitcoin (BTC) this can be the time when the direction of the course for the coming weeks is determined.

Bitcoin course is waiting for signal from Powell

The interest in the United States has been stable for months at 4.25 to 4.50 percent. Nevertheless, the speculation on the financial markets grows about when the Federal Reserve (FED) will lower interest rates. Most analysts aim on September or December. This is partly due to statements by Fed Governor Christopher Waller, who indicated yesterday that he was open to interest rates in 2025, provided that inflation is falling further and the labor market remains strong.

Jerome Powell is expected to hit a cautious tone tonight. The American economy shows mixed signals. Inflation is falling, but geopolitical uncertainty and possible new import duties under the Trump government ensure volatility. The labor market remains sturdy, which gives Powell room to wait or to anticipate risks.

BTC Expectation: Bullish at Dovish Tone

The Bitcoin Koers is currently moving around $ 104,000, after a recovery from the weekly depth of 103,000 dollars. Technical analysts keep an eye on the resistance level of $ 106,800. With a ‘Dovish’ tone of Powell, there can be room for an increase towards $ 110,000. However, if his tone is ‘Hawkish’, a relapse towards $ 102,000 is lurking.

The correlation between Bitcoin and traditional financial markets has become stronger in recent months. An interest rate cut signal can ensure more liquidity and risk appetite. These are exactly the conditions for a new upward phase for Crypto.

Rumors about Powell dismissal cause nervousness

Rumors are circulating on X and other social media that Jerome Powell may board. Analyst Crypto Rover calls that in combination with a Pro-Trump policy the starting signal for a new bull market. Although the information is not confirmed, the reactions illustrate how sensitive markets are to uncertainties surrounding monetary policy.