Bitcoin bottom forming as Fed eases, Trump softens on tariffs, says analystBitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to 10x Research’s founder Markus Thielen.“Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” 1Thielen said in a March 23 report.
Source: 10x ResearchThe Federal Reserve signaled in its March 18-19 meeting that it would also “look past short-term inflationary pressures, laying the groundwork for potential future easing,” Thielen added.“Powell’s mildly dovish tone suggests that the Fed's put remains intact, providing further support for a recovery in stock prices.”10x Research’s Bitcoin reversal indicators have turned bullish as a result, with Bitcoin’s (BTC) 21-day moving average now at $85,200, Thielen noted.
Bitcoin could be gearing up to return to the $90,000 level after US President Donald Trump signaled plans to ease tariffs, and ARK Invest founder Cathie Wood will give the first lecture of El Salvador’s Cubo AI public education program.
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Author / Journalist: Cointelegraph by Cointelegraph
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