[Analysis] "Trump and Fed's Policy Easing... Bitcoin Prepares to Rebound to $90,000"

An analysis has emerged suggesting that Bitcoin (BTC) is preparing to rebound to $90,000 as President Donald Trump's tariff policies and the U.S. Federal Reserve (Fed)'s monetary policies show signs of easing.

On the 23rd (local time), Markus Thielen, an analyst at 10X Research, stated in a report, "Bitcoin is preparing for a rebound to $90,000," adding, "The recent flexibility shown by President Trump regarding reciprocal tariffs has had a positive impact." He continued, "The Fed hinted at further monetary policy easing in its last meeting," and "Fed Chair Powell's dovish remarks will also act as additional support for asset price recovery."

Thielen noted, "Technical indicators suggesting a Bitcoin rebound have turned bullish," and "The technical indicators have reached a level where a new bull market could unfold." He explained that the current technical indicators are similar to the levels seen before the bull markets in September 2023 (Bitcoin spot ETF narrative) and August last year (U.S. presidential election). He added, "Some altcoins have already escaped the downtrend and are trading at higher prices."

However, he pointed out the lack of a clear catalyst for a rise. Thielen elaborated, "There is no clear catalyst to trigger an immediate parabolic surge in Bitcoin," and "Even if Bitcoin reaches $90,000, significant price resistance is expected."