TechFlow news, on March 24, according to Cointelegraph, analysts said that after U.S. President Trump expressed willingness to ease tariffs and the Federal Reserve resisted short-term inflation pressures last week, Bitcoin may have already bottomed and is poised to rebound toward $90,000. Markus Thielen, founder of 10x Research, noted in a report on March 23: "Bitcoin is attempting to form a bottom, supported by Trump's recent 'flexibility' regarding reciprocal tariffs set for April 2, softening his earlier tough stance."
Thielen added that the Fed's meeting on March 18–19 signaled it would "ignore short-term inflationary pressures, laying the groundwork for potential future easing." "Powell's slightly dovish tone suggests that Fed safeguards remain in place, providing further support for a recovery in asset prices."
As a result, 10x Research’s Bitcoin reversal indicator has turned bullish. Thielen pointed out that Bitcoin’s 21-day moving average is currently at $85,200. He noted that these weekly reversal indicators have fallen back to levels seen during previous bull market recoveries, such as in September 2023 (driven by the Bitcoin ETF narrative) and August 2024 (amid approaching U.S. elections).
"In short, the technical backdrop has now reset to a point where a new upward trend could potentially begin," Thielen also observed that multiple altcoins have already broken out of their downward channels and are trading at "more attractive levels."
