Analysts Expect Sideways Movement in Bitcoin: This Will Be Between Two Prices! - Coin Newsletter

robot
Abstract generation in progress

Bitcoin may continue to fluctuate in the range of $80,000 – $90,000 in the short term, according to experts, as Powell reduces the possibility of an early rate cut by stating that the effects of tariff policies will spread over time.

US Federal Reserve (Fed) Chairman Jerome Powell said that the effects of tariffs in the global economy have not yet been fully felt. This statement was interpreted in the markets to mean that the expected interest rate cuts will not take place anytime soon. Inflation remains high and growth slows**, raising concerns of "stagflation" by some analysts.**

"Investors were hoping that the early rate cut would support the markets, but this seems unlikely in the short term," BTSE COO Jeff Mei told CoinDesk. According to Mei, Bitcoin may remain in the $80,000 – $90,000* band until there is clarity on tariff talks and interest rate decisions.

Augustine Fan, director of analysis at SignalPlus, said Powell's remarks disappointed "dovish" investors, with a particular focus on preventing inflation expectations from rising permanently.

According to Fan, the crypto market is generally sideways, but the technical outlook may remain positive in the short term if Bitcoin stays above $81,000. Investors are now turning their eyes to the details of the Trump administration's first trade deal and the balance sheet season that will pick up pace next week.

BTC0.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)