Bitcoin Price Rises Ahead of Powell Speech That May Signal Slowdown in Rate Hikes

BTC price climbs above $28.6K ahead of Jerome Powell's speech which may be "very dovish" due to high bond yields.

Market odds favor Fed keeping interest rates unchanged at next FOMC meeting, reducing likelihood of further hikes.

BTC price action locked between support and resistance levels on Binance order book.

Key trendlines and buyer support point to bullish outlook for Bitcoin.

Powell faces complex macroeconomic environment and his tone on Thursday will be closely watched.