Bitcoin to Breat $90K? Federal Reserve Chair’s Inflation Comments Sparks Crypto Market Volatility

Federal Reserve Chairman, Jerome Powell’s latest comments on tariff policies and their bearing on inflation have sent ripples through the financial landscape, especially crypto, as investors and traders were left contemplating the possible consequences. Addressing a press conference after the March FOMC meeting, Powell analyzed that the new tariff policy could push inflation higher. 

Powell acknowledged that the economy faces uncertainty, pointing to the Trump administration’s potentially “significant policy changes”. However, he did not go to the lengths of levying the blame entirely on tariffs. He further added that prices have risen to some extent, suggesting inflation.  

The chairman emphasized that it may be ‘too early to make a comment’ on the inflationary effect of the tariffs. However, this suggests that the Federal Reserve may have already commenced an analysis of economic information and analyzing the long-term effects of the policy shifts.

Uncertainty of Powell’s Claims Stirs Up Crypto Community

The ambiguity of the Federal Reserve Chair’s latest comments has caused quite a stir in the financial communities, notably crypto. The statements did not sit well with the crypto community, which is highly reactive to such developments. Price swings and increased crypto market volatility were noticed, with major currencies like Bitcoin and Ethereum, among others reacting on the price charts to the comments. 

Powell went on to clarify that the Federal Reserve is not keen on changing interest rates based on tariff-related any time soon. Lower interest rates tend to benefit riskier assets, like crypto. But Powell’s wait-and-see approach has left traders in no man’s land, leading to further volatility in the market, as the crypto market is stuck between independent volatility and the reality of a market that still reacts fervently to traditional financial systems. 

As the Federal Reserve attempts to push through an unpredictable economic landscape, the crypto landscape may face further rumbling. The entire crypto fraternity waits for further updates, as they could spell out how inflation will play out in the months ahead. 

Bitcoin Price Analysis For  March 20: Bitcoin Has A Stellar Run 

Bitcoin continues to lead from the front in the crypto race. Yesterday turned out to be a positive day for Bitcoin, with a reported 3% price increase. Starting the day at $82,776, with buying pressure picking up steam, an uptrend was seen briefly. By 1:00 UTC, BTC was trading at $83,149.  A death cross was seen shortly after, as a correctional period began, pulling Bitcoin back to $82,600. The EMAs soon converged on the MACD as Bitcoin started a slow climb. The support trendline kept climbing until 16:00 UTC as Bitcoin reached $84,800. The RSI ventured into the overbought region and brought with it a death cross at 16;25 UTC, as the price was again pulled back to $84,000 by 18:10. 

Chart 1: analyzed by raodevansh18, Published on TradingView, March 20, 2025

At 18:15, a golden cross indicated price improvement. And the improvement occurred in the form a huge upward spike, taking Bitcoin to find resistance at $85,850. The resistance, however, was no match for the bullish strength, as Bitcoin breached it to rise further to $87,447. The overbought RSI sparked a price decline, as March 20 saw Bitcoin falling again. Bitcoin price eventually found stability around the $85,700 mark. 

Bitcoin Price Prediction: Bullish Performance Continues

Bitcoin’s progress in the past week has impressed investors and analysts like. Recent comments made by the Federal Reserve chair did stir up the prices, but Bitcoin has showcased bullish resilience. If the buying pressure continues, Bitcoin could soon be seen soaring upwards of $87,000. In the short term though, a trading range may be on the cards before any significant action takes place. If Bitcoin does not sustain the bullish momentum, it could very well find itself near the $85,000 range.