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Federal Reserve Chair Jerome PowellCoinGape
•75% Informative
Three-day fall in Bitcoin price reflects the market supply pressure remains intact.
Federal Reserve Chair Jerome Powell announced Wednesday that the central bank could consider its first interest rate cut since the pandemic as early as September .
Wedge pattern Indicates potential BTC price drop below the 20-day EMA sparks an initiation sign of a fresh market correction.
This decline marks a notable reversal in BTC ’s daily chart at the resistance line of the broadening wedge pattern.
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