10x Research: Bitcoin is expected to rise above $90,000 as U.S. inflation concerns ease

Odaily Planet Daily News 10x Research CEO Markus Thielen said that despite widespread investor concerns, Bitcoin may be expected to rebound above $90,000 due to easing concerns about inflation in the United States. He added: "Because prices are oversold, we can see some counter-trend rebounds, and there is a high probability that the Federal Reserve will take a mildly dovish stance. This is some fine-tuning by policymakers. It will keep BTC in a wider consolidation range, but it is entirely possible to return to $90,000." Nexo analyst Iliya Kalchev said that traders and investors will pay attention to any news about the end of the Federal Reserve's quantitative easing (QT) program. This move may increase liquidity because the Fed's upcoming decision may be the main catalyst for further movement. If Chairman Powell takes a dovish stance, Bitcoin may take off in a new bullish momentum. (Cointelegraph)