{"id":7380,"date":"2022-08-25T14:12:07","date_gmt":"2022-08-25T14:12:07","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/25\/will-fed-chair-powells-friday-speech-send-bitcoin-soaring\/"},"modified":"2022-08-25T14:12:08","modified_gmt":"2022-08-25T14:12:08","slug":"will-fed-chair-powells-friday-speech-send-bitcoin-soaring","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/25\/will-fed-chair-powells-friday-speech-send-bitcoin-soaring\/","title":{"rendered":"Will Fed Chair Powell\u2019s Friday Speech Send Bitcoin Soaring?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>In this episode of NewsBTC\u2019s all-new day by day technical evaluation movies, we&#8217;re trying on the the impression an upcoming speech from US Fed Chair Jerome Powell might have on <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-price-to-see-more-dumps-peter-brandt-forecasts\/\">Bitcoin price<\/a> motion.<\/p>\n<p>Take a have a look at the video beneath.<\/p>\n<h2>VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0August 25, 2022<\/h2>\n<p><span style=\"font-weight: 400\">The US Fed Reserve Chair <a href=\"https:\/\/www.newsbtc.com\/tag\/Jerome-powell\">Jerome Powell\u00a0<\/a><\/span><span style=\"font-weight: 400\">will converse on the world central banking convention in Jackson Hole, Wyoming, specializing in the longer term financial outlook. Depending on if that outlook is hawkish or dovish, Bitcoin might sink additional or start to soar.\u00a0<\/span><\/p>\n<p><p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"Will The Friday Powell Speech Pump Or Dump Bitcoin? Daily TA August 25 2022\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/DKRAmUtePZM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/p>\n<h3>Daily BTCUSD Looks Dangerous As Bears Remain Dominant<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">On day by day timeframes the image total isn\u2019t trying very optimistic for BTCUSD and will indicate that the market ought to count on damaging information tomorrow. From prime to backside, beginning with the <a href=\"https:\/\/www.newsbtc.com\/topic\/ichimoku-cloud\/\">Ichiomoku<\/a>, we will see that Bitcoin misplaced the cloud as help and is now buying and selling beneath each the Tenkan-sen and Kijun-sen. These two strains have additionally not too long ago crossed bearish.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The day by day <a href=\"https:\/\/www.newsbtc.com\/topic\/macd\/\">LMACD<\/a> can also be exhibiting momentum in favor of bears. The bearish momentum is weakening, nonetheless, however might choose proper again up tomorrow as markets value in no matter Powell has to say about the way forward for the US financial system.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Finally, the Average Directional Index reveals that bears are in management, and the pattern is again at round a studying of 20. Below 20 would recommend a pattern weakening, whereas retesting the extent after which rising larger might restart the bearish pattern.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500001 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-860x439.png\" alt=\"BTCUSD_2022-08-25_09-46-09\" width=\"860\" height=\"439\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-860x439.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-460x235.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-768x392.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-1536x783.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-2048x1045.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-750x383.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-46-09-1140x581.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">The day by day timeframe has not too long ago turned bearish | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3>Weekly Momentum Highlights Pivotal Potential Turning Point<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Switching to the identical instruments on the weekly timeframe additionally reveals Bitcoin and the remainder of the crypto market at a pivotal second. Price was rejected from above to again beneath the Tenkan-sen. The <a href=\"https:\/\/www.newsbtc.com\/topic\/macd\/\">LMACD<\/a> can also be nonetheless crossed bearish and able to both cross up or diverge downward additional.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.newsbtc.com\/topic\/how-to-gauge-trend-strength\/\">ADX<\/a> reveals that bears nonetheless have the higher hand, however the pattern has began to flatten which might point out that the worst is over on larger timeframes.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">With solely every week remaining within the month of August, mixed with each Powell\u2019s feedback and the weekly timeframe at a pivotal turning level, we should always get a clearer image quickly relating to if a bull pattern is blossoming, or if the bearish pattern is about to worsen.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500002 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-860x439.png\" alt=\"BTCUSD_2022-08-25_09-45-33\" width=\"860\" height=\"439\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-860x439.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-460x235.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-768x392.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-1536x783.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-2048x1045.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-750x383.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-45-33-1140x581.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">Weekly momentum might cross up or proceed down additional | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3>Monthly Ichimoku Sends Mixed Signals To The Market<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The month-to-month <a href=\"https:\/\/www.newsbtc.com\/topic\/ichimoku-cloud\/\">Ichimoku<\/a> is an attention-grabbing image at the moment and will give bulls some hope forward. The Tenkan-sen and Kijun-sen stay crossed bullish. Take a have a look at the final bear market and you&#8217;ll simply see how rapidly these two strains crossed bearish up to now. This might imply that Bitcoin remains to be bullish, regardless of the macro strain. It additionally might imply the worst remains to be forward and a cross remains to be coming.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">It doesn\u2019t assist that month-to-month momentum on the LMACD hasn\u2019t begun to weaken in line with the histogram. The <a href=\"https:\/\/www.newsbtc.com\/topic\/how-to-gauge-trend-strength\/\">ADX<\/a> does present an total pattern persevering with to fizzle out, with bears taking cost for the primary time for the reason that 2014-2015 bear market backside. Bullish energy has additionally fallen beneath 20 for the primary time in historical past.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500003 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-860x439.png\" alt=\"BTCUSD_2022-08-25_09-44-53\" width=\"860\" height=\"439\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-860x439.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-460x235.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-768x392.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-1536x783.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-2048x1045.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-750x383.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-53-1140x581.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">A comparability between bear markets reveals that the strains have but to cross | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3 style=\"font-weight: 400\">Could Bitcoin Form A Perfect Bottom? TD Sequential Has One Week Left On 9<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoins-td-sequential-indicator-is-pointing-to-severe-uptrend-exhaustion\/\">TD Sequential<\/a> is a market timing indicator designed by Thomas Demark. Simply reaching a 9-count on a downtrend is sufficient for a purchase setup \u2013\u2013 which is a optimistic case for Bitcoin at the moment. However, these indicators are extra highly effective when the 9-count is \u201cperfected\u201d. To excellent the sequence, Bitcoin would wish to set a decrease low beneath the present backside at $17,600.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Although bearish indicators outweigh the bullish, value motion continues to carry above a greater than ten yr lengthy pattern line. Until this <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/habitcoin-price-decade-long-trend-line\/\">line in the sand is lost<\/a>, bull nonetheless have hope in staging a reversal. But greater than probably they&#8217;ll want Mr. Powell and his cash printing friends to cooperate tomorrow.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-large wp-image-500004 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-860x462.png\" alt=\"BTCUSD_2022-08-25_09-44-10\" width=\"860\" height=\"462\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-860x462.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-460x247.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-768x413.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-1536x825.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-2048x1100.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-750x403.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/08\/BTCUSD_2022-08-25_09-44-10-1140x612.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">The TD9 is on a nine-count with solely every week left to \"perfect\" the sequence | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>Learn crypto technical evaluation your self with the NewsBTC Trading Course. <a href=\"https:\/\/www.newsbtc.com\/trading-courses\/\">Click here<\/a> to entry the free instructional program.<\/p>\n<p>All this week at Elliott Wave International is Trader Education Week. Here is <a href=\"https:\/\/bit.ly\/3Cskr2q\">free access<\/a> to 5 unique movies from one of many world\u2019s greatest Elliott Wave analysts. You can even <a href=\"https:\/\/bit.ly\/2Wm62le\">get the Elliott Wave book for free<\/a> with a no value signup.<\/p>\n<p><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/tonyspilotroBTC\"><b><i>@TonySpilotroBTC on Twitter<\/i><\/b><\/a><b><i> or be part of\u00a0<\/i><\/b><a href=\"https:\/\/t.me\/TonyTradesBTC\"><b><i>the TonyTradesBTC Telegram<\/i><\/b><\/a><b><i> for unique day by day market insights and technical evaluation training<\/i><\/b><b><i>. Please notice: Content is\u00a0instructional and shouldn&#8217;t be\u00a0thought-about funding recommendation.<\/i><\/b><\/p>\n<pre>Featured picture from iStockPhoto, Charts from TradingView.com<\/pre>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-soaring-fed-chair-jerome-powell\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In this episode of NewsBTC\u2019s all-new day by day technical evaluation movies, we&#8217;re trying on the the impression an upcoming speech from US Fed Chair Jerome Powell might have on Bitcoin price motion. Take a have a look at the video beneath. VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0August 25, 2022 The US Fed Reserve Chair [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[20,1692,899,3883,3882,3110,1904,1822],"class_list":["post-7380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bitcoin","tag-chair","tag-fed","tag-friday","tag-powells","tag-send","tag-soaring","tag-speech","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/7380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=7380"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/7380\/revisions"}],"predecessor-version":[{"id":7381,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/7380\/revisions\/7381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/7382"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=7380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=7380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?po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