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

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion

Mergers and acquisitions in the cryptocurrency market are exceptionally active

Concerns Behind the Binance Customer Service Controversy

SpaceX Stock Prediction After the IPO: Can SPCX Reach $200 Before QQQ Inclusion?

Congratulations to Carl Moon on His Historic Ferrari Challenge Le Mans Podium Triumph
Crypto influencer and racing enthusiast Carl Moon finished third in the Ferrari Challenge Le Mans Coppa Shell class, marking his best result of the year. As his racing partner and sponsor, WEEX celebrates this remarkable achievement and continues to lead crypto’s journey beyond boundaries, uniting the innovation of digital assets with the passion of motorsport.

Can the CLARITY Act Become Law by July 4? Everything You Need to Know About the Final Battle

France vs Senegal World Cup 2026: Mbappe’s New Era Begins Against a Historic Rival

What is the connection between Huang Zheng of Pinduoduo and blockchain?

Morning Report | Prediction market platforms like Kalshi and Polymarket jointly sue Kentucky over 14.25% trading tax; Bridgewater founder discusses decision-making in the AI era: principled thinking should run parallel to AI, human insight remains irre...

If the AI bubble has already burst, who will truly remain?

Paul Graham: How to Make a Billion Dollars

After 18 years, blockchain has finally started to head towards the main channel


