{"id":125397,"date":"2025-03-19T14:24:51","date_gmt":"2025-03-19T14:24:51","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125397"},"modified":"2025-03-19T14:24:51","modified_gmt":"2025-03-19T14:24:51","slug":"bitcoin-may-recover-to-90k-amid-easing-inflation-concerns-after-fomc-meeting","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125397","title":{"rendered":"Bitcoin may recover to $90k amid easing inflation concerns after FOMC meeting"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin may stage a recovery above the key $90,000 psychological mark amid easing monetary inflation concerns in the world\u2019s largest economy.<br \/>\nBitcoin\u2019s (BTC) over two-month downtrend has raised numerous alarms that the current Bitcoin bull cycle may be over, defying the theory of the four-year market cycle.<br \/>\nDespite widespread investor concerns, Bitcoin may be on track to a recovery above $90,000 due to easing inflation concerns in the United States, according to Markus Thielen, the CEO of 10x Research.<br \/>\n\u201cWe can see some counter-trend rally as prices are oversold, and there is a good chance that the Fed is mildly dovish,\u201d Thielen told Cointelegraph, adding:<br \/>\n\u201cThis is not a major bullish development, rather some fine-tuning from the policymakers. We think BTC will be in a broader consolidation range but we could trade back towards $90,000.\u201d<br \/>\nBitcoin daily RSI indicator. Source: 10x ResearchInvestor confidence may also be improved by Federal Reserve Chair Jerome Powell\u2019s comments indicating that the Fed will \u201cremain on hold amid rising uncertainty among households and businesses,\u201d wrote 10x Research in a March 17 X post, adding:<br \/>\n\u201cPowell also expressed doubts about the sustained inflationary impact of Trump\u2019s tariffs, referencing the 2019 scenario where tariff-related inflation was temporary, and the Fed eventually cut rates three times.\u201d<br \/>\nMeanwhile, investors are eagerly awaiting today\u2019s Federal Open Market Committee (FOMC) meeting, for cues on the Fed\u2019s monetary policy for the rest of 2025, a development that may impact investor appetite for risk assets such as Bitcoin.<br \/>\nRelated: Crypto market\u2019s biggest risks in 2025: US recession, circular crypto economy<br \/>\nFOMC meeting will be crucial for Bitcoin\u2019s trajectory: analyst<br \/>\nTraders and investors will be watching for any hints about the ending of the Fed\u2019s quantitative easing (QT) program, \u201ca move that could boost liquidity and risk assets,\u201d according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.<br \/>\n\u201cThe upcoming Fed decision could be a major catalyst for further movements,\u201d the analyst told Cointelegraph, adding:<br \/>\n\u201cIf Chair Powell spreads his dovish wings, Bitcoin could take flight on renewed bullish momentum.\u201d<br \/>\n\u201cHowever, persistent inflation concerns or a reaffirmation of tight financial conditions, such as elevated interest rates or continued liquidity tightening, could limit upside potential,\u201d added the analyst.<br \/>\nRelated: Rising $219B stablecoin supply signals mid-bull cycle, not market top<br \/>\nFed target interest rate probabilities. Source: CME Group\u2019s FedWatch toolMarkets are currently pricing in a 99% chance that the Fed will keep interest rates steady, according to the latest estimates of the CME Group\u2019s FedWatch tool.<br \/>\nStill, investors have slashed their exposure to\u00a0 US equities by the most on record by 40-percentage-points between February and March, according to Bank of America\u2019s latest survey \u2014 raising concerns that recession fears may hurt Bitcoin\u2019s price action.<br \/>\nMagazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler\u2019s Digest, March 9 \u2013 15<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-recovery-fed-inflation-policy-90k-target?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin may stage a recovery above the key $90,000 psychological mark amid easing monetary inflation concerns in the world\u2019s largest economy. Bitcoin\u2019s (BTC) over two-month downtrend has raised&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125397"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125397"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125397\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125397"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}