Bitcoin is currently facing a critical price point at around $114,000, where buyers and sellers are locked in a tense battle. The market appears largely unmoved by the recent US-EU trade deal, which hasn’t significantly impacted US equities. Instead, traders are now closely watching the upcoming Jackson Hole symposium, where Federal Reserve Chair Jerome Powell is expected to speak. Market analysts anticipate that insights from this event could shed light on potential future monetary policy directions and potentially influence Bitcoin price direction. 1. The key level for Bitcoin into the week’s end remains $114,000, with traders looking for a decisive break above or below it. 2. Despite recent gains, the market structure shows signs of weakness as liquidity clusters around recent daily lows. 3. This uncertainty has been compounded by declining odds of a Fed rate cut in September, according to predictive models like Kalshi and CME Group’s FedWatch Tool. 4. The upcoming Jackson Hole symposium is anticipated to offer valuable insights into the Federal Reserve’s monetary policy outlook.