Federal Reserve Push Against CBDC Builds Momentum, Will Bitcoin Ride the Wave to $84K?

A new bill is making waves in the crypto world. It targets the Federal Reserve’s ability to create a digital dollar. The CBDC Anti-Surveillance State Act passed a key U.S. House Committee with a 27-22 vote. Lawmakers supporting the bill are worried about government tracking through a central bank digital currency (CBDC). They believe it could harm user privacy. This move is part of broader efforts around crypto regulation in the U.S. Supporters say private digital assets like Bitcoin are better for freedom. This development also comes at a time when interest in Bitcoin price prediction is rising again.

Republican Lawmakers Say No to Digital Dollar

The bill was introduced by Rep. Tom Emmer (R-MN) to block the Federal Reserve from issuing a CBDC. He said a digital dollar could allow the government to watch how people spend their money.  It may also be used to stop certain transactions. Emmer called CBDCs “programmable money” that lacks the privacy protections of cash. He added that Bitcoin and other decentralized cryptos offer more freedom and transparency. The bill also stops the Fed from launching a CBDC through banks or using it for economic policy. Supporters say the goal is to avoid a system like China’s digital yuan. 

That system reportedly helps the government monitor citizens. This bill is gaining support from lawmakers who back crypto regulation but oppose state-controlled money.  They believe Bitcoin and other cryptos are better for financial freedom. Critics fear a CBDC could lead to too much control over people’s finances.  If the bill passes, it could shift the future of digital currency in the U.S.

Emmer referenced China’s digital yuan and the 2022 Canadian protest account freezes as cautionary examples. This anti-CBDC stance has support from privacy advocates and lawmakers who favor innovation in the crypto space but resist state-controlled finance.

Bitcoin Price Prediction for April 4

The trading day of April 3rd began with an oversold situation at midnight UTC, following the previous day’s golden cross, which triggered an upward trend. However, bulls struggled to maintain momentum, as the previous support at $83,906.34 turned into resistance. An attempt to break this resistance at 1:50 UTC failed, pushing the price back into the trading range. At 2:50 UTC, a death cross emerged, signaling a potential bearish shift. This was confirmed by another death cross at 9:40 UTC, leading to a downward trend. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 4, 2025

As illustrated in Chart 1, sellers dominated, pushing BTC into oversold conditions at 12:45 UTC and 13:25 UTC, where buyers stepped in to defend the $81,212.85 support. By 15:15 UTC, a golden cross appeared, sparking another upward trend, but sellers regained control around 23:45 UTC as another death cross formed. The trading day of April 4th opened with a bullish attempt, but at 00:40 UTC, a death cross on the MACD line signaled renewed bearish pressure. According to Bitcoin price prediction, if bears maintain control, Bitcoin could break below $81,212.85. However, if bulls regain momentum, BTC might break past $83,906.34 and test $84,000. 

Bitcoin Gains Support Amid Anti-CBDC Momentum

The bill signals rising resistance to the Federal Reserve’s control over digital assets. This could delay any U.S. CBDC plans and support decentralized cryptocurrencies. If crypto regulation leans toward privacy and decentralization, investor confidence in Bitcoin may grow. According to Bitcoin price prediction models, BTC could test $84,000 if bullish momentum holds. However, resistance near that level remains strong unless market sentiment improves further.