Foresight News reports that Matrixport has published a chart analysis indicating that Bitcoin price may experience significant volatility. Recently, cryptocurrencies have been fluctuating within a descending channel. Although there was a brief rebound, the upward momentum appears to have stalled.

This comes on the eve of the Federal Reserve's interest rate decision, with particular focus on Chair Powell's guidance on future rate cuts. A newly formed triangle pattern is currently exerting downward pressure on Bitcoin prices.

Market attention is focused on Chair Powell and his economic outlook, as his remarks are likely to influence the market's next direction. Bitcoin has increasingly become a macro asset reflecting overall economic trends.