Bitcoin may be forming a bottom amid Fed shift and Trump tariff relief

As technical indicators and changing macro conditions point to a possible recovery, Bitcoin might be forming a bottom.

In an analysis published on Mar. 24, crypto analytics firm 10X Research highlighted the recent consolidation and shifting outlook of Bitcoin btc2.98%Bitcoin. Analysts initially expected a more severe correction after Bitcoin dropped below $95,000, confirming a breakdown from its ascending broadening wedge.

However, a more favorable macro environment and improved technical indicators have led to a more optimistic outlook. One of the main causes of this shift in sentiment is the Federal Reserve’s recent policy position.