10x Research: Bitcoin is expected to rise above $90,000 as U.S. inflation concerns ease
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Odaily report: Markus Thielen, CEO of 10x Research, stated that despite investor concerns, Bitcoin may have the potential to rebound to over $90,000 as US inflation concerns ease. He added, "Due to oversold prices, we can see some counter-trend rebounds, and the Fed is likely to take a moderately dovish stance, which are some adjustments by policymakers. This will keep BTC in a broader consolidation range, but it is very likely to return to $90,000." Iliya Kalchev, an analyst at , said traders and investors will focus on any news on the end of the Federal Reserve's quantitative tightening (QT) program, as this could increase liquidity, as the Fed's upcoming decision could be a major catalyst for further momentum, and if takes a dovish stance, Bitcoin may soar in a new bullish trend. (Cointelegraph)
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