#btb According to a March 24 analysis report by 10X Research, Bitcoin has recently undergone consolidation. Although it faced a pullback after breaking through $95,000, the market outlook has changed. The expected volatility pullback has not occurred; instead, under the large-scale policy signals from the Federal Reserve and Trump's tariff fluctuations, the outlook has gradually become optimistic.
The Federal Reserve's shift in stance, particularly the anticipated rate cuts, has created a more favorable macro environment that supports risk assets like Bitcoin. Additionally, Trump's remarks regarding tariffs announced on April 2 have also helped alleviate short-term uncertainty. These positive factors have made Bitcoin's trend relatively stable, and market sentiment has improved.
Bitcoin still faces strong resistance between $90,000 and $92,000, with institutional investors waiting for more guidance ahead of the April corporate earnings reports. However, the current price of $86,917 is about to rebound, with MACD indicating a possible bullish reversal and RSI at 51, suggesting that the market is in a neutral state.
Despite facing resistance in the short term, Bitcoin is expected to break through $90,000 as the macro environment improves and investor sentiment warms up. If the price breaks through $87,000 to $88,000, the next wave of increase may follow. If there is a pullback, support is between $84,500 and $85,000.
Overall, with changes in Federal Reserve and Trump’s policies, Bitcoin's bottoming out and rebound may be brewing, and the momentum for future increases is accumulating!
