According to ChainCatcher's message, Markus Thielen, CEO of 10x Research, stated that despite general investor concerns, Bitcoin may have the potential to rebound to over $90,000 as concerns about US inflation have eased. He added, "Due to oversold prices, we can see some countertrend rebounds, and the Fed is likely to take a moderately dovish stance, which are some fine-tunings by policymakers. This will keep BTC in a broader consolidation range, but it is very likely to return to $90,000."

Nexo analyst Iliya Kalchev said traders and investors will be watching for any news on the end of the Federal Reserve's quantitative tightening (QT) program, which could increase liquidity, as the Fed's upcoming decision could be the main catalyst to drive further momentum, and if Chairman Powell takes a dovish stance, BTC may soar in a new bullish trend.