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Analysts Expect Sideways Movement in Bitcoin: This Will Be Between Two Prices! - Coin Newsletter
Bitcoin may continue to fluctuate in the range of $80,000 – $90,000 in the short term, according to experts, as Powell reduces the possibility of an early rate cut by stating that the effects of tariff policies will spread over time.
US Federal Reserve (Fed) Chairman Jerome Powell said that the effects of tariffs in the global economy have not yet been fully felt. This statement was interpreted in the markets to mean that the expected interest rate cuts will not take place anytime soon. Inflation remains high and growth slows**, raising concerns of "stagflation" by some analysts.**
"Investors were hoping that the early rate cut would support the markets, but this seems unlikely in the short term," BTSE COO Jeff Mei told CoinDesk. According to Mei, Bitcoin may remain in the $80,000 – $90,000* band until there is clarity on tariff talks and interest rate decisions.
Augustine Fan, director of analysis at SignalPlus, said Powell's remarks disappointed "dovish" investors, with a particular focus on preventing inflation expectations from rising permanently.
According to Fan, the crypto market is generally sideways, but the technical outlook may remain positive in the short term if Bitcoin stays above $81,000. Investors are now turning their eyes to the details of the Trump administration's first trade deal and the balance sheet season that will pick up pace next week.