Bitcoin eyes $90K as Fed and Trump shift policies

Bitcoin (CRYPTO:BTC) may be forming a price floor near $85,000 and could rebound toward $90,000, according to analysts citing easing US tariff rhetoric and Federal Reserve signals.

Markus Thielen, founder of 10x Research, noted Bitcoin’s technical indicators have turned bullish after President Donald Trump signaled flexibility on April 2 reciprocal tariffs and the Fed adopted a “mildly dovish” stance during its March 18–19 meeting.

“Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” Thielen stated in a March 23 report.

The Fed’s decision to “look past short-term inflationary pressures” suggests potential future easing, he added, while Bitcoin’s 21-day moving average now sits at $85,200.

Thielen highlighted parallels to past bull-market triggers, including September 2023’s ETF narrative and August 2024’s election-driven momentum.

Bitcoin’s weekly reversal indicators have reset to levels seen during previous uptrends, Thielen explained.

“In short, the technical backdrop has now reset to a point where a renewed uptrend could plausibly unfold,” he stated.

While Bitcoin trades at $85,720 (up 2.1% in 24 hours), altcoins like Ether (CRYPTO:ETH) (+4.3%), Tron (CRYPTO:TRX) (+6.4%), and Avalanche (CRYPTO:AVAX) (+8.9%) have shown stronger weekly gains.

However, Thielen warned of “significant resistance” at $90,000 for Bitcoin, with no immediate catalyst for a parabolic rally.

The analyst previously predicted Bitcoin would avoid a “deep bear market” due to long-term holders like family offices and wealth managers, who dominate wallets holding 100–1,000 BTC.

Recent inflows into US spot Bitcoin ETFs—after weeks of outflows—further support stabilisation, as arbitrage opportunities diminish.

At the time of reporting, the Bitcoin (BTC) price was $86,749.76.