Is Bitcoin Preparing for a Huge Move This Week?

Bitcoin is entering a critical week of trading, holding near $117,600 while volatility sits at just 1.02%, its lowest level since October 2023. For an asset known for explosive price action, such calm often precedes significant moves. 

With key U.S. economic events including the Federal Reserve’s FOMC minutes and Jerome Powell’s Jackson Hole speech on the horizon, traders are bracing for what could be a defining week for BTC and broader risk markets.

Key Takeaways

• Bitcoin trades at $117,600 with volatility near 1.02%, a two-year low
• Institutional flows appear to be suppressing speculative retail hype
• FOMC minutes on Wednesday could reveal divisions on rate cuts
• Powell’s Jackson Hole speech Friday may reset market expectations
• A dovish tone could trigger a BTC rally, while hawkish signals risk downside

Bitcoin’s Calm Before the Storm

Over the weekend, Bitcoin remained steady, consolidating in a narrow range with minimal retail speculation. Analysts note that institutional participation is increasingly dictating price action, compressing volatility closer to levels traditionally associated with gold.

Market commentators argue that this reduced volatility signals maturity in Bitcoin’s trading environment. However, it also reflects the market’s anticipation of major catalysts set to unfold in the coming days.

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Fed Minutes: Key to Near-Term Direction

The release of the Federal Open Market Committee (FOMC) minutes this Wednesday could provide the first spark. July’s meeting ended with rates left unchanged at 4.25–4.50%, but with a rare 9–2 split vote, marking the first dual dissent pushing for cuts since 1993.

If the minutes reveal a dovish stance with more members leaning toward easing, risk assets like Bitcoin could rally as yields fall and the dollar weakens. Conversely, a hawkish message emphasizing inflation risks could push yields higher, dampening BTC momentum.

Jackson Hole: The Bigger Test

The main event arrives Friday at the Jackson Hole Symposium, where Powell will deliver his keynote. Historically, these speeches have reset market expectations, sparking large cross-asset moves.

• A dovish Powell, stressing slowing growth, would support equities and crypto, likely propelling Bitcoin higher.
• A hawkish Powell, warning of sticky inflation, could lift yields and pressure risk assets, potentially dragging BTC toward deeper corrections.

Either scenario sets up heightened volatility, ending Bitcoin’s recent lull.

Read Also: Understand How BTC ETF Works in Detail Here

Why This Week Matters for Bitcoin

The combination of historically low volatility and high-impact macro events means Bitcoin is primed for movement. Analysts suggest that BTC is consolidating energy, and whichever way Powell leans could dictate price direction into September.

Support levels sit around $115,000–$116,000, while a breakout above $120,000 could open the door toward $125,000 and beyond if dovish signals prevail.

Buy Bitcoin (BTC) Here

Final Thoughts

Bitcoin’s rare calm at $117,600 is unlikely to last. With Fed minutes and Powell’s Jackson Hole speech looming, the crypto market faces a decisive moment. Whether BTC breaks higher or faces renewed pressure will depend heavily on the tone of U.S. monetary policy.

For traders, this is the week to watch closely. Low volatility often precedes large swings, and Bitcoin appears poised for one.

Read Also: Will BTC Surge Toward $145K After Whales Buy the Dip

FAQ

Why is Bitcoin’s volatility so low right now?

Volatility is near 1.02%, the lowest since 2023, largely due to institutional flows stabilizing BTC and reduced speculative retail activity.

What events could move Bitcoin this week?

The release of FOMC minutes on Wednesday and Powell’s Jackson Hole speech Friday are the main catalysts.

What happens if Powell sounds dovish?

A dovish tone could boost risk assets like Bitcoin, pushing prices above $120,000 and potentially higher.

What if Powell is hawkish?

A hawkish stance could strengthen the dollar, raise yields, and pressure BTC back toward $115,000 or lower.

Is Bitcoin still in a bullish trend?

Yes, Bitcoin remains in a bullish long-term structure, but short-term moves depend on how markets interpret Fed policy signals this week.