Bitcoin Eyes $90K as Fed Signals Stability and Trump Eases Tariff Stance – Bitcoin Price Rally to Continue?

Bitcoin appears to be forming a solid bottom as market conditions align for a potential bullish reversal. The most recent catalysts for investors and the market are U.S. President Donald Trump’s less severe stance on tariffs as well as the Federal Reserve parsing inflation costs to look only to the longer term. Crypto analyst Markus Thielen at 10x Research believes that Trump’s willingness to closely review reciprocal tariffs set for April 2 has revived the overall confidence in risk assets like BTC leading to a Bitcoin price rally.

Bullish Technical Signals Bitcoin Price Rally

From a technical perspective, there is evidence to suggest a possible uptrend. Bitcoin is currently above its 21-day moving average of $85,200, and several reversal indicators are aligning with historical bullish reversals. Similar setups in September 2023 and August 2024 were followed by strong price rallies, which has traders hoping for a breakout. Additionally, a few altcoins are currently breaking out of their downtrends as well, which supports the theme of broader sentiment change. An additional positive sign? Spot BTC ETF received inflows last week for the first time since January, implying institutions might be dipping their toes back in.

The Road to $90K Won’t Be Easy

Even with this newfound optimism, Bitcoin could face strong resistance at the $90,000 level, which could cause momentum in the market to slow as profit-taking sets in. Thielen warns that while the market setup is constructive, there is no immediate catalyst for a parabolic rally. Nonetheless, with BTC ETF inflows returning and key holders continuing to hold positions for the long term, the continuation of the Bitcoin recovery seems well-positioned. The following analysis goes deeper into Bitcoin’s technical indicators and key support and resistance levels currently affecting Bitcoin’s price.

Price Analysis and BTC Price Prediction

The trading day on March 23 began with Bitcoin trading inside a limited range and displaying very little volatility as it went progressively upward. At first, neither an upward nor downward trend was evident in the MACD and RSI key indicators. Near 10:30 UTC, a golden cross finally formed, signaling the start of an upward breakout that caused price action to move quickly upward and break out of the prior range. This was followed by a surge in purchasing activity on all fronts. The next key support and resistance levels to look for in Bitcoin are $84,635 and $86,500 in that order. 

Chart 1, Analyzed by Alokravantmedia published on March 24, 2025.

Buyers started aiming for a fresh level of resistance as soon as the price of bitcoin climbed up into the next range, which was bolstered by more bullish momentum. When a death cross converged upon an RSI at 11:50 UTC and 17:25 UTC, indicating an overbought condition, sellers tried to take control of the market. Bitcoin tacked higher in the known ascending channel throughout these pullbacks, indicating that the bullish momentum had not yet escaped it.

Further purchasing momentum led to another breakout as the trading day shifted to March 24. At 00:50 UTC, the death cross formation on the RSI indicated a second overbought, which prompted a second price drop. The Golden Cross formation’s growing bullish momentum helped bulls regain purchasing pressure at 02:35 UTC during the session leading to a Bitcoin price rally. A new support-resistance zone was indicated when Bitcoin crossed the $86,500 mark under the generally gradual upward pressure. 

Will Bitcoin Break $90K or Face Resistance?

The latest Bitcoin price rally indicates significant bullish action and institutional demand, higher prices for risk assets, and potentially positive economic trends. While accumulation has picked up again and some technical indicators are turning more positive, Bitcoin is still facing its first significant resistance line at $90,000 and will have trouble breaking it without a low rhythmic rule catalyst or pattern.

Price analysis shows that Bitcoin has increased its simultaneous increases, so while the price does seem to trade in an overall ascent, traders should continue to monitor key support levels, key price levels in crypto, and sentiment in the overall market. Much of whether it remains at new highs or breaks down will depend on macroeconomic trends and the continued high demand for crypto is set in the months ahead. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.