Bitcoin Eyes Rebound as Fed Eases and Trump Softens Tariff Stance
24.03.2025 09:50
A recent report by 10x Research highlights that Bitcoin (BTC) may have found its bottom after showing signs of recovery amid easing tariffs by former President Donald Trump and a softening stance from the Federal Reserve. The technical indicators, including a bullish 21-day moving average now at approximately $85,200, suggest that Bitcoin could rally toward $90,000, though significant resistance is expected at that level. Additionally, several altcoins have also experienced a rebound; Ether (ETH) increased by 4.3%, Tron (TRX) by 6.4%, and Avalanche (AVAX) by 8.9% over the past week. The report notes that while the Fed appears willing to look past short-term inflationary pressures, and Bitcoin ETF inflows have resumed, no clear catalyst for an immediate parabolic rally exists. The overall analysis indicates that both sentiment and technical setups are aligning for a potential uptrend, though caution remains regarding short-term volatility and resistance levels.
Bitcoin's potential bottom formation supported by easing tariffs and a dovish Fed stance is expected to drive a short-term rally towards $90,000. The bullish technical setup, including the 21-day moving average, provides immediate support, while longer-term fundamentals and ETF inflows underpin future gains. However, resistance near $90K may temper rapid growth.
Ethereum's recent rebound of 4.3% suggests that it is benefiting from the positive sentiment around Bitcoin's recovery. Its price dynamics are likely to mirror Bitcoin's technical lead, offering short-term momentum gains, though its movement might be less pronounced due to its dependency on broader market trends.
Tron, which rebounded by 6.4% over the last week, is gaining from the overall shift in market sentiment. Being an altcoin, TRX may see immediate price improvements as investor confidence returns; however, its long-term trajectory will depend heavily on sustained market momentum and technical breakouts.
Avalanche has surged 8.9% in the past week, reflecting strong technical recovery and investor interest. Its breakout from a downtrend channel positions it for further short-term gains, though its sustainability will hinge on maintaining broader market strength and overcoming inherent volatility in the altcoin space.
Sources
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