Related: Bitcoin gold copycat move may top $150K as BTC stays 'impressive'As a result, President Trump has threatened Powell with termination, arguing that he is “always too late and wrong” and that his April 16 report was a typical and complete “mess.”“Powell’s termination cannot come fast enough! ”Meanwhile, Polymarket now says there’s a 46% chance that Bitcoin’s price will hit $90,000 on April 30, with less than 5% possibility of hitting new all-time highs above $110,000.
Source: Cointelegraph/TradingViewMany analysts and traders ask, “Where is Bitcoin price headed next? ” as the asset remains stuck in a tight range on the lower time frame (LTF) of the 4-hour chart.88% chance interest rates unchangedPolymarket bettors say there is an 88% chance that the current interest rates will remain between 4.25% and 4.50%, leaving just a 10% probability of a 0.25% rate cut.
Speaking in Chicago, he emphasized a "wait-and-see" approach, needing more economic data before adjusting policy. Powell highlighted risks from President Trump’s tariffs, which could drive inflation and slow growth, potentially creating a "challenging scenario" for the Fed’s dual mandate of stable prices and maximum employment. "The level of the tariff increases announced so far is significantly larger than anticipated," said Powell in a speech, adding: "The same is likely to be true of the economic effects, which will include higher inflation and slower growth".
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Author / Journalist: Cointelegraph by Nancy Lubale
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