Matrixport: Market Focuses on Powell's Speech at Jackson Hole, Bitcoin Sees a Rebound

ChainCatcher news, Matrixport has released its latest view stating that Bitcoin is at a critical point of breaking out of the current narrowing triangle pattern. An upward breakout could trigger positive momentum; conversely, a price rebound expectation may be prolonged.

Federal Reserve Chairman Powell is set to speak at Jackson Hole, and the stock market is expected to rebound in advance. Additionally, the release of the last FOMC meeting minutes may bring dovish signals.