Investors weigh market impact of possible early Powell exit

Investors weigh market impact of possible early Powell exit

By Saqib Iqbal Ahmed

Market Wrap: Bitcoin Price Risk 4% Drop As Speculation Of Powell Resignation Surge

Bitcoin price broke below a key support level in a symmetrical triangle pattern, now trading at $116,567. Market chatter about Fed Chair Jerome Powell stepping down after a cryptic Trump remark is adding uncertainty. Bitcoin’s dip and fading dominance spark hopes for a new altcoin season. RSI near oversold (42.55) hints at rebound potential, but MACD shows bearish momentum. Bitcoin price has dropped 2.2% in the last week and 1.8% in the last 24 …