Coinspeaker
Oct 14, 2025
13 0

Powell’s NABE Speech May Impact Market Amid Bitcoin Support Test

Federal Reserve Chair Jerome Powell is set to deliver a speech on the "Economic Outlook and Monetary Policy" at the NABE annual meeting. Investors are keenly awaiting his remarks amid market volatility and expectations of US interest rate changes.

  • Futures markets indicate a 97% probability of a 25 basis point rate cut in October and an 89% probability for another in December, suggesting monetary easing due to economic slowdown.
  • If Powell suggests that rates may stay higher longer, both traditional and crypto markets might face renewed sell-offs.

Data Delays Add to Uncertainty

  • The U.S. government shutdown has delayed key economic data releases like consumer inflation reports, increasing uncertainty.
  • Powell’s speech could offer crucial insights into the Fed's current stance amid limited data visibility.

Impact on Crypto Traders

  • The crypto market is currently down 4%, with Bitcoin falling to $111,000.
  • Key support levels for Bitcoin are identified at $108,000-$110,000. Falling below these could result in significant liquidations in leveraged positions.
  • Market sentiment could improve if Powell signals policy easing, potentially leading to a market surge in the coming months.