10x Research: Concerns about inflation in the United States are easing, Bitcoin is expected to rebound to over $90,000
Odaily Planet Daily reports that Markus Thielen, CEO of 10x Research, stated that despite widespread investor concerns, Bitcoin could potentially rebound to over $90,000 due to easing inflation worries in the United States. He added: "Due to overselling of prices, we can see some counter-trend rebounds and it is very likely that the Federal Reserve will adopt a moderate dovish stance. This minor adjustment by policy makers may put BTC in a broader consolidation range but it's entirely possible for it to return to $90,000."
Nexo analyst Iliya Kalchev said traders and investors will focus on any news about the end of the Federal Reserve's Quantitative Tightening (QT) program. Such an action could increase liquidity as decisions soon made by the Fed might be a major catalyst driving further trends. If Chairman Powell takes a dovish stance, Bitcoin could soar in new bullish momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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