Bitcoin may recover to $90k amid easing inflation concerns after FOMC meeting
Bitcoin may recover to $90,000 due to easing monetary inflation concerns in the U.S. Following the FOMC meeting, investor sentiment is shaped largely by signals from Fed Chair Jerome Powell, suggesting potential for a counter-trend rally as prices appear oversold. Markus Thielen, CEO of 10x Research, notes that while the market is not in a full bullish cycle, there is potential for recovery towards $90,000. Powell's comments indicate the Fed could maintain a steady course amidst rising uncertainties, referencing past scenarios of temporary tariff-related inflation that did not impact long-term rates. The upcoming FOMC meeting is critical, and with a 99% chance of no change in interest rates anticipated, any indication of a shift in monetary policy could catalyze significant movement in Bitcoin's price. However, persistent inflation concerns may limit its upside potential, as noted by analysts at Nexo. Investors are currently minimizing their exposure to U.S. equities, raising additional concerns about Bitcoin's price trajectory.
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