Bitcoin Strengthens Again, Analysts Predict $90,000 Target
Analyst and founder of 10x Research, Markus Thielen, indicated that Bitcoin may have reached its bottom and is preparing for a rebound toward the US$90,000 level.
This optimism is driven by two key factors in the global economy: a signal of tariff easing from U.S. President Donald Trump and a dovish stance from the U.S. Federal Reserve (The Fed) regarding short-term inflation.
Tariff Easing Signal from President Trump
based on the information we quoted from the Coinvestasi media, President Donald Trump has shown a more flexible approach to the reciprocal tariffs planned to take effect on April 2.
This approach is expected to ease international trade tensions and have a positive impact on asset markets, including Bitcoin.
The Fed’s Dovish Stance on Inflation
The results of the Federal Open Market Committee (FOMC) meeting on March 18-19, 2025, revealed that The Fed will not be overly focused on short-term inflationary pressures.
This dovish stance suggests room for future monetary policy easing, which could support the growth of asset markets like Bitcoin.
Technical Indicators Show a Trend Reversal
From a technical perspective, the trend reversal indicators developed by 10x Research have issued a positive signal.
Bitcoin’s 21-day moving average currently stands around US$85,200. Additionally, the weekly indicator has returned to levels that previously marked the beginning of market rallies, as seen in September 2023 and August 2024 ahead of the U.S. elections.
Resistance Levels and Short-Term Outlook
Although the short-term outlook appears positive, Thielen warns that the US$90,000 level will likely serve as a significant resistance area for Bitcoin.
At present, there are no strong enough catalysts to trigger a substantial price surge in the near term.
However, the inflow into U.S. spot Bitcoin ETFs for the first time since late January 2025 indicates reduced selling pressure from arbitrage investors.
