James Richardson
On April 1, the crypto market experienced slight gains, despite ongoing economic risks and concerns surrounding Trump’s Liberation Day. Bitcoin (BTC) climbed to $84,000, while Dogecoin (DOGE) and Ethereum (ETH) surged 5% and 3.5%, respectively.
This article explores BTC, DOGE, and ETH price predictions in light of a recent Federal Reserve warning to Donald Trump regarding interest rate policies.
Trump vs. the Federal Reserve: Interest Rate Policy at Risk
Donald Trump has been actively pushing the Federal Reserve to cut interest rates, believing that lower borrowing costs could stimulate economic growth and help refinance U.S. government debt.
However, the Fed has resisted political pressure, maintaining policy independence. With Trump potentially returning to office, concerns have grown over whether he might replace Jerome Powell, whom he originally appointed as Fed Chair. Senator Elizabeth Warren recently warned that no Federal official, including Powell, is safe, citing Trump’s history of removing officials who oppose his policies.
Adding to market uncertainty, Richmond Fed President Tom Barkin cautioned that April 2’s Liberation Day could introduce further instability, delaying the Fed’s timeline for rate cuts.
On a positive note, analysts at Goldman Sachs have raised recession odds, indicating that the Fed might introduce three rate cuts in the second half of the year—a potentially bullish signal for crypto assets.
ETH Price Prediction: Technical Outlook
Ethereum (ETH) recently plunged to $1,773, marking its lowest level since March 10. This support level aligns with a double-bottom pattern, with a neckline resistance at $2,100.
If ETH surpasses the $2,131 resistance, it could experience a short-term bullish reversal. However, the broader trend remains bearish, as ETH is trading below the triple-top neckline at $4,010 and has formed a death cross—a strong bearish signal.
A break below $1,773 would invalidate any bullish outlook, signaling further downside potential.
DOGE Price Prediction: Bearish Momentum Continues
Dogecoin (DOGE) has been on a downward trajectory, falling from $0.4822 in December to a low of $0.1455 in March. Recently, it dropped below key support at $0.2265, which previously served as the upper boundary of a cup and handle pattern formed between March and November 2023.
Additionally, DOGE has formed a bearish pennant pattern, suggesting further downside risk. If the bearish trend continues, the next major support level is at $0.0832, the lowest point recorded on August 5.
BTC Price Prediction: Bearish Trend Persists
Bitcoin (BTC) has been trading in a bearish market for the past few months. It recently tested resistance at $89,155, which aligns with its January 13 low and the double-top neckline at $109,000.
A break-and-retest of this level suggests that BTC could continue its downward trend unless it breaks above $89,156. Until then, bearish momentum remains strong.
Market Outlook: How Trump’s Economic Policies Could Influence Crypto
The next major market catalyst will be Trump’s Liberation Day announcement, where he may unveil new tariffs and economic measures.
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If these policies force the Federal Reserve to intervene, BTC, ETH, and DOGE could benefit from liquidity injections.
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Additionally, rumors suggest that Trump is considering stimulus payments for farm workers, a move that could boost consumer spending and drive crypto market optimism.
For now, BTC, DOGE, and ETH prices remain volatile, with traders closely watching how monetary policy shifts impact the crypto landscape.
