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10x Research: U.S. inflation concerns ease, Bitcoin is expected to rebound to above $90,000
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3 hours ago 6,681
March 19th news, 10x Research CEO Markus Thielen said that despite widespread concerns among investors, Bitcoin may be expected to rebound to above $90,000 as U.S. inflation concerns ease. He added: "We can see some bounce back due to oversold prices and the Fed is likely to take a moderate dovish stance, which is some fine tuning from policy makers. It will put BTC in a wider consolidation range, but it will be entirely possible to return to $90,000." Nexo analyst Iliya Kalchev said traders and investors will be watching any news of the end of the Fed’s quantitative easing (QT) plan, a move that could increase liquidity as the upcoming decision of the Fed could be the main catalyst for further movements, and Bitcoin could take off in the new bullish momentum if Chairman Powell takes a dovish stance.
Keywords: Bitcoin
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