Bitcoin Rises as Trump Threatens to Replace Fed Chair Powell

Bitcoin (BTC) is on a four-day winning streak, rising 0.63% to $107,931 as political uncertainty around the Federal Reserve fuels market optimism.

Trump vs. Powell: Why It Matters for Bitcoin

• Trump wants rate cuts now, Powell prefers data-driven approach
• Fed Chair replacement hinted at NATO Summit
• BTC historically reacts to Fed policy uncertainty
• June 25 rally (+1.19%) aligns with Trump’s comments

Technical Signals Favor Bulls

✅ RSI above 50 – Bullish momentum intact
✅ Implied Volatility at lows – Often precedes big moves
✅ Previous IV dips led to +5% BTC surges

What’s Next for Bitcoin?

• Breakout target: $110K+ if bullish momentum holds
• Risk: Fed policy surprises could spark volatility
• Long-term outlook remains bullish per CoinGape analysis