Federal Reserve chairperson Jerome Powell throws a scrap to speculation and Bitcoin, says both cuts and hikes are not on the cards, but biased towards a cut at some point in the 'future'. Never mind climate change/droughts and perpetual wars. Bitcoin under pressure, falls through is 60K price support.

Bitcoin collapses under its psychological 60,000, despite the U.S. Dollar index (DXY) falling in tandem, with the now expected confusing sentiment from Federal Reserve chairperson Jerome Powell, on whether inflation is embedded and whether rate hikes or cuts are on the cards (yet biased towards, as you would expect, rate cuts).  The forever tedium of wait-and-see rhetoric, in waiting for that elusive deflation. 

Not with climate change and forever wars.  

In the meantime, BTC is under pressure as liquidity is starting to become squeezed. 

Please refer to the above Chart/s.

Next support for BTC is 51400, the price is heading towards Five Month lows.