Bitcoin may have reached its lowest point and could rise towards $90,000, according to crypto analyst Markus Thielen. He believes this shift is supported by US President Trump’s willingness to ease tariffs and the Federal Reserve’s recent dovish stance on inflation. Thielen’s analysis shows that Bitcoin’s reversal indicators are turning positive, indicating a potential recovery. Currently priced at $85,720, Bitcoin has seen a slight increase over the past day, along with notable rebounds in other cryptocurrencies like Ether and Tron. However, Thielen also warns of significant resistance at the $90,000 level and notes that no immediate rally catalyst is visible. Despite the cautious outlook, long-term investors seem to hold strong.
Bitcoin’s Path to Recovery: Could It Reach $90,000 Soon?
Bitcoin may be on the verge of a significant rebound, potentially heading toward a price of $90,000. This optimism comes after comments from former U.S. President Donald Trump about easing tariffs and signals from the Federal Reserve suggesting a more flexible monetary policy. According to crypto analyst Markus Thielen from 10x Research, these developments could indicate a Market bottom for Bitcoin.
Thielen highlighted that Bitcoin is showing signs of forming a bottom, partly due to Trump’s recent remarks on tariff flexibility related to the upcoming April 2 deadlines. He also pointed out that during the Federal Reserve’s March meeting, officials seemed willing to overlook short-term inflation concerns, which could set the stage for future easing measures.
The recent statements from Federal Reserve Chair Jerome Powell have given many investors hope. Thielen mentioned that Powell’s softer approach indicates support for the Market, which could help stock prices recover as well. Currently, Bitcoin’s 21-day moving average stands at approximately $85,200, further supporting the idea of a potential price increase.
Historical trends suggest that Bitcoin’s recent reversal indicators are moving into bullish territory. In previous bull markets, such as in September 2023 and August 2024, similar patterns emerged, often driven by significant Market events. Thielen also noted that several altcoins—including Ether, Tron, and Avalanche—are beginning to break out of their downtrends, which could further provide momentum for Bitcoin.
As of now, Bitcoin is trading at around $85,720, reflecting a 2.1% rise over the last day. However, with a significant resistance point expected at the $90,000 mark, investors should prepare for potential volatility. While the outlook appears more positive, Thielen cautioned that no immediate catalysts for a dramatic price surge are apparent.
Despite these encouraging signs, Thielen previously mentioned that Bitcoin is unlikely to fall below $73,000, given that many large wallet holders—often family offices and wealth management firms—are committed to holding for the long term. Interestingly, U.S.-based Bitcoin exchange-traded funds (ETFs) saw their first inflows last week since late January, suggesting renewed investor interest in Bitcoin.
In conclusion, while Bitcoin’s potential for a rebound is intriguing, careful monitoring of Market movements is essential. Investors should remain vigilant as Bitcoin navigates through critical price points in the coming weeks.
Tags: Bitcoin, cryptocurrency, Market analysis, Donald Trump, Federal Reserve, ETF investments, price prediction, BTC recovery.
What does it mean when we say Bitcoin’s bottom is forming?
When we say Bitcoin’s bottom is forming, it means that the price might be reaching a low point. Analysts believe this could be a good time to buy because the price may start to go up again.
Why are the Fed’s actions important for Bitcoin?
The Federal Reserve affects interest rates and money supply. When the Fed eases, it usually means more money is available, which can boost the price of Bitcoin as more people invest.
How does Trump’s stance on tariffs impact Bitcoin?
IfTrump softens on tariffs, it can lead to better trade relations. This may increase investor confidence, and more people might invest in Bitcoin, driving its price up.
Should I be worried about the current Bitcoin price?
Not necessarily. Many analysts believe that the price could soon start rising. It’s good to keep an eye on Market trends and expert opinions for better decisions.
Is it a good time to invest in Bitcoin now?
Some analysts think it might be a good time to invest since the price may be low and could go up soon. However, always do your research and consider your own financial situation before investing.