Bitcoin Price Could Plunge 46%, Preceding Powell’s Jackson Hole Speech

Crypto analysts are predicting a dramatic downturn for Bitcoin price before and after the highly anticipated speech by Federal Reserve Chairman Jerome Powell at the Jackson Symposium in Wyoming. A potential trading pattern, known as a ‘wedge’, suggests a significant drop of up to 46% may occur. This analysis comes as Bitcoin has been experiencing volatility driven by market speculation about the future direction of US monetary policy.