Bitcoin Price Analysis After Powell's December Rate Cut Comments - BTC Chart Technical Outlook

Federal Reserve Chair Jerome Powell's recent statements casting uncertainty about potential December interest rate cuts have created significant market uncertainty. Bitcoin's technical chart analysis reveals key support and resistance levels that traders are closely monitoring. The BTC price action shows consolidation patterns as investors assess the implications of monetary policy decisions on cryptocurrency markets. Market analysts are examining moving averages, trading volume, and key technical indicators to determine Bitcoin's next potential price movement direction amid changing macroeconomic conditions.