Will Bitcoin Price Crash to $50,000 After This Friday?
The post Will Bitcoin Price Crash to $50,000 After This Friday? appeared on BitcoinEthereumNews.com.
Bitcoin is entering a critical week. With the Federal Reserve Chair Jerome Powell scheduled to deliver his final Jackson Hole keynote as Fed chief this Friday, markets are bracing for volatility. The speech comes against a backdrop of a slowing labor market, persistent tariff-driven inflation, and a divided Federal Open Market Committee. Traders are asking the real question: will Powell’s words trigger a deeper correction in Bitcoin, potentially dragging it down to $50,000? Why Powell’s Speech Matters for Bitcoin Price Prediction? Bitcoin has matured into a macro-sensitive asset. Interest rate expectations, inflation readings, and central bank guidance now directly influence its trajectory. Powell used Jackson Hole in 2024 to pre-announce rate cuts, and if he signals a similar move this year, it could shape risk sentiment across global markets. The dilemma is clear: inflation has been creeping higher again, with PCE rising to 2.6% in June, while job creation has nearly stalled. If Powell acknowledges weakness in the labor market and hints at a September rate cut, liquidity-sensitive assets like Bitcoin could benefit short-term. On the other hand, if he emphasizes inflation risks and delays easing, the selloff already underway in BTC price may deepen. Powell’s upcoming Jackson Hole speech is expected to be his last as Federal Reserve chair, since his term ends in May 2026 and President Donald Trump has said he won’t reappoint him. Trump originally gave Powell the role in 2017. Powell’s position as a Fed governor runs until 2028, but he hasn’t confirmed whether he’ll stay on after stepping down as chair. What the Daily Bitcoin Price Chart Says? BTC/USD Daily Chart- TradingView Looking at Bitcoin’s daily chart, price action has turned decisively bearish since mid-August. After failing to hold above 120,000, BTC price has broken through its mid-Bollinger Band support and now hovers near…
