Trump tariffs, Fed shift and Bitcoin: Is the bottom in?

As the technical indicators and the modification of macro-conditions indicate a possible recovery, bitcoin could form a background.

In a analysis Published on March 24, the Crypto 10x Research analysis company underlined the recent prospect of consolidation and change of bitcoin (BTC). Analysts initially expected a more severe correction after Bitcoin fell below $ 95,000, confirming a ventilation of its ascending widening corner.

However, a more favorable macro environment and improved technical indicators have led to a more optimistic perspective. One of the main causes of this change of feeling is the recent political position of the federal reserve.

The FOMC meeting went as expected, and the Fed reported a desire to look beyond short-term inflationary pressures. Analysts now predict rate drop in the second half of the half, which supports a more favorable macro environment for risk assets such as Bitcoin.

Adding to optimism, recent comments from Donald Trump on pricing announcements on April 2 demonstrate a softer position than his previous declarations. This change could help Bitcoin maintain its recent stability by reducing short -term uncertainty.

Bitcoin continues to encounter strong resistance between $ 90,000 and $ 92,000 despite these encouraging developments. 10x Research noted that until it leaves this beach, the largest market is likely to continue to consolidate. Institutional investors are also cautious before important reports on business profits in April, which could affect the mood of the market as a whole.

As at the time of the press, Bitcoin is negotiated at $ 86,917, showing a slight momentum up after passing recent stockings. Although confirmation is required, the MacD level points to a potential bullish change. Bitcoin is neither overbound nor occurred, according to the RSI at 51, which indicates a neutral market.

The prices remaining above significant levels, the medium of short-term moving support an upward trend. Mobiles of 100 days and 50 days, however, continue to suggest potential resistance and downward movement. There is currently no clear break in the basic line Ichimoku, which complies with the current price.

The price is close to the midline, according to Bollinger bands, which could report an escape or rejection in the near future. To overcome the next level of resistance, which is nearly $ 90,000, Bitcoin must exceed $ 87,000 at $ 88,000. If rejected, the support can range from $ 84,500 to $ 85,000.

Meanwhile, the feeling of investors seems to improve as last week saw the first entrances In the funds negotiated in exchange for Bitcoin since January. A more favorable macro environment and less sales pressure could support the next ascending movement of Bitcoin, despite the current risks.