The Latest Statement from the FED and Trump Has Affected Bitcoin, The Bottom Has Appeared

Bitcoin began the week with a rise in the release of PCE data, which the FED closely follows when making interest rate decisions. While investors remain cautious about this uptrend, 10X Research founder, Markus Thielen, stated that Bitcoin may have bottomed out and could rise to $90,000. The famous analyst known for his accurate predictions has declared that BTC could rise to $90,000 as U.S. tariffs are eased and the recent dovish stance of the FED on inflation. "Bitcoin may be bottoming out, supported by the recent easing of bilateral tariffs by U.S. President Donald Trump expected to take effect on April 2 and the Fed's dovish tone at the meeting on March 18-19." Thielen said: "The moderate tone of Fed Chairman Jerome Powell indicates that the Fed's put options remain intact, thereby further supporting the recovery of stock prices," while noting that the Fed and Trump factors have reinforced the macroeconomic outlook for BTC. Thielen also noted that the 21-day moving average of BTC is around 85,200 dollars and some key indicators are trending higher, reaching levels seen before previous price surges, such as ETF optimism in September 2023 and the outlook for the U.S. elections in August 2024. "In summary, the technical foundation of Bitcoin has now been reset for a new upward trend to emerge, and everything is set for the upward trend. However, BTC still lacks a clear catalyst for a strong price increase. Therefore, it may encounter resistance at the level of 90,000 dollars." Finally, Thielen added that many altcoins have bottomed out and are trading at more attractive levels. However, he cautioned that BTC still lacks a clear catalyst for a strong price rise and may face resistance at the $90,000 level.