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So, here we are, folks! Bitcoin, that elusive digital darling, might just be gearing up for a comeback tour, aiming to strut its stuff above the oh-so-psychological $90,000 mark. Why, you ask? Well, it seems inflation concerns are easing like a bad hangover after a night out. 🍸
After a two-month downward spiral that had everyone clutching their pearls and wondering if the Bitcoin bull cycle was officially over (spoiler: it’s not!), our friend Markus Thielen, CEO of 10x Research, has some thoughts. He’s saying we might see a little counter-trend rally because, let’s face it, prices are looking a bit oversold. “The Fed might be mildly dovish,” he chirps, as if that’s supposed to make us feel better. 🙄
But hold your horses! This isn’t a full-blown bull party just yet. It’s more like a polite gathering where everyone is trying to figure out if they should order another round. Thielen suggests we’re in for a broader consolidation range, but hey, there’s a chance we could waltz back to that $90,000 mark. Fingers crossed! 🤞
Meanwhile, Jerome Powell, the big cheese at the Federal Reserve, has been dropping hints that the Fed will “remain on hold” while households and businesses are in a bit of a tizzy. It’s like he’s saying, “Don’t worry, we’re just as confused as you are!” And let’s not forget his musings on Trump’s tariffs, which he claims had a temporary inflationary impact. Remember 2019? Good times! 😂
Now, all eyes are on today’s Federal Open Market Committee (FOMC) meeting. Will they give us the juicy details on monetary policy for the rest of 2025? Will it make us want to invest in Bitcoin or just binge-watch reality TV instead? The suspense is killing us! 📺
Analysts are on high alert, waiting for any signs that the Fed might end its quantitative easing program. Iliya Kalchev from Nexo is all about that liquidity boost, saying it could send Bitcoin soaring. “If Chair Powell spreads his dovish wings, Bitcoin could take flight!” he exclaims. But let’s not get too carried away; persistent inflation worries could still rain on our parade. ☔️
Currently, the markets are betting a whopping 99% that the Fed will keep interest rates steady. But here’s the kicker: investors have slashed their exposure to US equities by a record 40 percentage points between February and March. Yikes! Recession fears are lurking, and they might just put a damper on Bitcoin’s price action. 😱
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2025-03-19 17:15