10x Research: U.S. inflation concerns ease, Bitcoin expected to rebound above $90,000
ChainCatcher news, 10x Research CEO Markus Thielen stated that despite widespread concerns among investors, Bitcoin may be poised to rebound above $90,000 due to easing worries about U.S. inflation. He added, "Given that prices are oversold, we can see some counter-trend rebounds, and the Federal Reserve is likely to take a moderately dovish stance, which is some fine-tuning by policymakers. This could keep BTC in a broader consolidation range, but it is entirely possible to return to $90,000."
Nexo analyst Iliya Kalchev noted that traders and investors will be watching for any news regarding the end of the Federal Reserve's quantitative tightening (QT) plan, as this move could increase liquidity. The upcoming decision by the Fed may be a major catalyst for further momentum, and if Chairman Powell takes a dovish stance, Bitcoin could soar in a new bullish trend.