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Big Prediction for Bitcoin: The Price Could Be 90 Thousand Dollars Today with the Fed Decision! - Coin Bulletin
According to the analyst, with the decrease in inflation concerns in the USA, Bitcoin (BTC) may recover above the 90,000 dollar level after today's Fed meeting.
10x Research CEO Markus Thielen stated in his latest interview that the Bitcoin price is oversold and that there is a possibility that the Federal Reserve will adopt a more moderate policy.
Marcus Thielen described this situation as "Not a major bull rally, but more of a fine-tuning by policymakers", stating that Bitcoin will remain in a broader consolidation range, but that a move towards $90,000 is possible.
Recent market volatility has created uncertainty among investors, while Marcus Thielen's statements bring up the potential for Bitcoin to experience a recovery. However, it remains uncertain whether this recovery will be just a short-term correction or if it will turn into a long-term bull market.
As Marcus Thielen pointed out, the Fed's more moderate approach could help drive Bitcoin prices to $90,000. Today's Fed meeting scheduled for 21:00 TRT will be an important indicator in this regard.
According to CoinGecko data, Bitcoin has gained 2.7% in value before the Fed's interest rate decision and is trading at $84,125 at the time this news was written.