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

10 Counterintuitive Insights on Latin American Payments

Perp DEX: The Next Generation Exchange "War"

The AI gamble of mining companies: Valuations enter a phase of differentiation, and it's hard to turn the tide

A letter from Alliance to entrepreneurs: Written on the occasion of Cursor selling for 60 billion dollars

Stablecoins Finally Find Real Returns: On-Chain Reinsurance Re Explained | Interview with Re Founder Karan Saroya

The impossible triangle is simply a pseudo problem

Will MicroStrategy fall into a death spiral? What will the macro trend be in the second half of the year?

Blockchain Capital Partner: The Core Secret of Arbitrage

STRC unanchored by 11%, can the perpetual motion machine of Strategy still operate?

Bitcoin Market Analysis 2026: Can BTC Reach $150K by Year-End?

Bitcoin ETF Outflows Hit a Record $4.4 Billion: What Are Traders Doing With Their Cash?

WEEX App Just Got Smarter – New Tabs for Faster Trades & Easy Asset Management

WEEX All-New Search Features: Find, Trade & Earn Faster Than Ever

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?


