Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report
Portfolio Pulse from
A recent 10X Research report suggests Bitcoin may be forming a local bottom around $77,000, supported by potential softening of US trade tariffs and Federal Reserve's dovish monetary stance. The cryptocurrency has appreciated over 10% and shows bullish technical indicators, with analysts pointing to potential upside if it can break and sustain the $94,000 level.
March 24, 2025 | 6:15 pm
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POSITIVE IMPACT
Bitcoin shows signs of recovery with potential upside if it breaks $94,000, supported by macro factors and improving market sentiment.
Multiple factors suggest potential Bitcoin recovery: 1) Possible trade policy softening 2) Fed's dovish signals 3) Technical indicators showing bullish reversal 4) Increased network activity 5) Potential break above $94,000 resistance
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100