Bitcoin Rises as Trump Threatens to Replace Fed Chair Powell

by Ouess

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

BTC Price Source : TradingView

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

BTC RSI Source : TradingView

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

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