BTC price climbs to $28.6K as Bitcoin awaits 'very dovish' Fed Powell speech

Bitcoin may witness a "very dovish" move from Powell as high U.S. bond yields cause a stir, while BTC price passes $28,600.) kept pressure on $28,500 after the Oct. 19 Wall Street open ahead of a key speech on United States economic policy.Due to speak at the Economic Club of New York at 12pm eastern time Thursday, Powell faces a complex macroeconomic scenario with U.S. ten-year bond yields at their highest since 2007.

“Prediction: Powell is on the verge of saying or doing something which is very dovish which will cause a massive rally in the US Bond market.” “The message to give right now is the Fed is done, we are done,” he said about the content of Powell’s speech.Data

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