Analyst: Fed's pro dovish stance may boost cryptocurrency market rebound

According to BlockBeats, on March 19th, Markus Thielen, CEO of 10x Research, stated that despite widespread investor concerns, Bitcoin may be expected to rebound above $90000 due to easing inflation concerns in the United States. He added, "Due to oversold prices, we can see some counter trend rebounds, and the Federal Reserve is likely to adopt a moderate dovish stance, which is some fine-tuning by policy makers. It will put BTC in a broader consolidation range, but it is entirely possible that it will return to $90000 Nexo analyst Iliya Kalchev stated that traders and investors will be paying attention to any news of the end of the Federal Reserve's quantitative easing (QT) program, which could increase liquidity as the Fed's upcoming decision could be a major catalyst for further momentum. If Chairman Powell takes a dovish stance, Bitcoin could soar in a new bullish momentum.