The Bitcoin Soap Opera: Trump vs. Powell & Why BTC’s Fancy Staying Above $85K

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Bitcoin‘s price forecast is about as clear as a dwarf’s hat after a thunderstorm—political tensions swirl while BTC stubbornly clings to $85,000 as traders debate whether the Fed should be independent or just a puppet with really fancy strings.

Bitcoin dances around $85K as Trump throws fireworks at Fed boss Powell 🎆

Despite equity markets having a global temper tantrum due to the US-China spat, Bitcoin didn’t get the memo and hovered near $85,000 like the rebellious teenager refusing to clean their room. The cryptocurrency stayed remarkably unfazed amid a White House and Federal Reserve showdown that felt like something out of a particularly messy court drama.

Donald Trump, the self-appointed Fed-wrangler, ramped up his Twitter-esq barrage—and no, not Twitter, but Truth Social, where facts sometimes take a tea break—calling out Jerome Powell with the subtlety of a troll in a library. Powell, ever the bureaucratic turtle, reminded everyone that the Fed’s independence is as protected as a wizard’s spellbook: “We’re not removable except for cause,” he said, phrase delivered with the gravity of a Watch Captain.

Trump, for his part, deemed Powell’s policies “a complete mess,” an assessment probably made while wearing a very expressive hat. He blamed the Fed for missing its cue to slash interest rates despite inflation and commodity prices doing a polite downward wave. Because nothing says “economic genius” quite like comparing the Fed to the European Central Bank’s upcoming rate cut sequel.

He insists inflation’s calming down and that lower rates will unleash economic growth like a dragon freed from bonds—roaring and maybe accidentally setting a few villages on fire in the process.

Meanwhile, Treasury Secretary Scott Bessent is reportedly scouting for a replacement Powell candidate, turning the Fed chair position into the hottest seat in town, just behind the Ankh-Morpork Guild of Merchants’ annual tax audit.

Can Trump’s Criticism Make Bitcoin Do the Cha-Cha?

Interest rates are like the weather for money—too hot or too cold, and everyone dresses wrong and complains. Lower interest rates usually nudge investors toward riskier ventures, like Bitcoin, because gambling on a digital currency is somehow more comforting than putting money in a bank. So, any sudden Fed policy changes could send Bitcoin’s price on a merry dance.

If Trump manages to twist the Fed’s arm into cutting rates earlier than anticipated, Bitcoin might rocket toward $90,000 faster than a wizard’s broomstick on turbo mode. Better liquidity and cheaper borrowing could lure both suits and geeks to funnel more capital into crypto, sparking a bull chase reminiscent of a stampede through Ankh-Morpork’s market square.

Yet, if the European Central Bank starts slashing rates while Powell decides to play hardball, the resulting confusion may pump up the US dollar‘s ego—it might flex and squash Bitcoin like a troll on a particularly bad day.

Such market mood swings would keep Bitcoin bouncing between highs and lows, making traders feel like they’re on the Discworld’s very own financial rollercoaster.

Bitcoin Price Forecast: $88,500 Resistance—The Wall Bitcoin’s Trying Not to Bang Its Head Against

Current Bitcoin price forecasts whisper of a bull getting tired just below $88,454—the upper Donchian Channel band. It’s like BTC’s decided to take a breather after climbing a steep hill, chatting to itself about whether to charge onward or roll back down.

BTC still hugs the midline around $81,456 like a reluctant adventurer stuck in a pub. The squeezed channel between $88,454 and $74,458 suggests the market’s holding its breath, waiting for either a triumphant breakout or a dramatic nosedive.

The MACD histogram looks like a fading candle at a dwarf’s birthday party while the MACD line lounges above the signal like a cat who’s just realized the sunbeam’s moved. Momentum is huffing and puffing but not quite blowing the market house down yet.

If BTC stumbles below $81,456, a skedaddle towards $74,458 seems likely, with a potential tumble to $71,000 if selling pressure turns into a full-on panic.

However, if Bitcoin somehow rallies and closes decisively above $88,454, it might just dust itself off and shoot for $92,000, much to the delight of its cheerleaders and the consternation of its skeptics.

Until then, it’s a cliffhanger worthy of Discworld’s finest storytellers—bitcoin bulls take a nap, bears sharpen their claws, and traders clutch their mugs of lukewarm tea, wondering if the next big move’s a spell gone right, or very, very wrong.

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2025-04-17 21:23