Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Matrixport: Bitcoin to Revisit $112,000 or Lower, Market Awaits Fed FOMC Meeting as Key Catalyst
BlockBeats News, August 18th, Matrixport released a new report stating that Bitcoin failed to hold the downtrend line, which initially signaled a breakout and recently fell below the former support. Although not overly concerned about further downside risk, due to the market remaining cautious ahead of the September Fed rate decision, the Bitcoin price may once again test the $112,000 level.
Matrixport does not expect this year's Jackson Hole meeting to release any substantial signals, as it tends to be more of a discussion platform rather than a market driver. Currently, the market is awaiting a real catalyst, with the September 17th FOMC meeting being the most critical event.
Technically, Bitcoin is currently in a "no man's land" between $112,000 and $117,292. This leaves traders with two clear strategies: buy on a breakout above the range or accumulate on a pullback near $112,000. In other words, the market is in a period of observation, waiting for a clear direction.
You may also like
The Growth Trap of Base: Why Everything is Done Right, But Users Still Leave?
Interview with HTX Ventures Head Alec Goh: How to Find Alpha in a Fast-Rotating Market
Bloomberg: Market Prediction Giants at War, Kalshi and Polymarket Compete Fiercely
Americans are saying that the cost of living has become so high that it's unaffordable, and the reason is the $700 billion AI investment.
How can the average person start algorithmic trading in 2026?
OpenAI Co-Founder's Latest Interview: What's Next for ChatGPT after Shutting Down Sora?
Atlético Madrid vs Barcelona Preview: A Defining Clash in LALIGA’s Final Stretch
This clash between Atlético Madrid and FC Barcelona is a key moment in the LALIGA title race. Barcelona aim to protect their lead at the top, while Atlético look to strengthen their standing and disrupt the race. With recent head-to-head favoring Barcelona but home advantage on Atlético’s side, the match is expected to be tight, tactical, and decided by fine margins.
The DeFi lending protocol Drift was hacked for over $200 million in just 10 seconds, affecting more than 15 projects
Q1 Market Review: Traditional Assets Enter the Blockchain Era; Geopolitical Turbulence Puts Pressure on the Cryptocurrency Market
$285 million, the largest on-chain attack of the year, or still the age-old private key issue
NVIDIA Loses 40% of China Market in Three Years | Rewire News Morning Edition
Traditional Brokerage Enters Crypto: Interactive Brokers Surges Into Crypto Market in Three Months
OpenAI completes largest funding round ever, with Anthropic even more eager to go public
Trump Speech Sparks Market: "Major Strike on Iran" in the Next Two to Three Weeks, Oil Price Surges, Gold Plunges
After two accidents in one week, looking back at how the Anthropic co-founders were talking about "safety" a year ago
Morning News | OpenAI completes $122 billion financing; SpaceX has secretly submitted IPO application; B2C2 sets Solana as the mainnet for institutional stablecoin settlement
Claw Wallet: Let Agent's on-chain assets no longer run naked
App