TechFlow news, March 18 — QCP Capital's latest analysis indicates that although the likelihood of a Fed rate cut this Wednesday is extremely low, any dovish signals from Powell could serve as a catalyst for Bitcoin's upward momentum. As the U.S. shifts from "fiscal dominance" (growth driven by government spending) toward deficit reduction under Trump's agenda, the policy burden is shifting back to monetary policy. While QCP does not expect an unexpected rate cut from the Fed, dovish signals could trigger bullish market momentum.
Macro volatility has eased slightly, with the VIX index retreating to around 20 and Bitcoin's volatility also declining. Bitcoin continues to trade within the $80,000–$85,000 range. In the absence of new tariff developments, geopolitical issues are regaining focus. Gold prices have broken through $3,000, while Bitcoin continues to exhibit negative correlation.
Historically, cryptocurrency prices tend to lag changes in global liquidity conditions. With a potential policy shift from the Fed, along with fresh stimulus measures emerging from Europe and China, Bitcoin may be poised for a new rally following the current consolidation.
