00
red
- No results yet.
Bitcoin could be on the verge of a major rebound, according to analysts at 10x Research, who believe the top cryptocurrency is forming a bottom and could rally toward $90,000. This shift in sentiment comes after two major developments, i.e. Donald Trump’s softened stance on tariffs and the Federal Reserve’s willingness to overlook short-term inflation pressures.
In a report dated March 23, 10x founder Markus Thielen said Bitcoin is showing signs of recovery thanks to “Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs,” a departure from his earlier hardline trade rhetoric.
Fed’s Stance Adds Fuel to the Rally Talk
The Federal Reserve, during its March 18–19 meeting, signaled a more relaxed approach toward inflation, a stance that analysts interpreted as setting the stage for future rate cuts.
“Powell’s mildly dovish tone suggests that the Fed's put remains intact, providing further support for a recovery in stock prices,” Thielen added, implying a supportive environment for risk assets like Bitcoin.
Thielen also pointed out that 10x Research’s Bitcoin reversal indicators have now turned bullish, and the 21-day moving average sits at $85,200, a key level to watch in the coming days.
$85K Is Key to Avoiding a Pullback, Say Analysts
While the mid-term outlook appears bullish, analysts caution that Bitcoin needs to close the week above $85,000 to avoid slipping into a correction. Ryan Lee, chief analyst at Bitget Research, warned that failure to do so could send the price back to $76,000, the previous week’s low.
“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegraph. He added:
“A close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.”
Despite the optimism, Bitcoin’s performance has been relatively flat, gaining just 0.9% over the past week, according to Cointelegraph Markets Pro data.
Cathie Wood Launches AI Program in El Salvador
In a separate but notable event in the crypto world, ARK Invest founder Cathie Wood is launching El Salvador’s first national AI education program. Announced on March 23 by the country’s Bitcoin Office, Wood will deliver the inaugural lecture as part of a government-led initiative to provide university-level AI training to both students and professionals.
“This is the only national education program bringing in top-tier field experts to blow young minds! We are rolling out the red carpet for a powerhouse lineup of heavy hitters — big names with epic achievements,” the Bitcoin Office stated in an official announcement.
Wood had previously met with President Nayib Bukele to discuss AI and crypto policy. She believes El Salvador’s GDP could grow tenfold over the next five years if the nation continues with its pro-innovation policies