DOGE, BTC, ETH Price Prediction: Fed Trump Warning on Interest Rates

Crypto prices rose slightly on April 1 even as market risks, especially on Trump’s Liberation Day, remained. Bitcoin price rose to $84,000, while Dogecoin and Ethereum were up by 5% and 3.5%, respectively. This article provides a DOGE, BTC, ETH price prediction after a prominent Fed official delivered a major warning to Donald Trump on interest rates.

Crypto Price Predictions as Key Fed Official Warned Trump on Rates

Donald Trump has been putting pressure on the Federal Reserve to slash interest rates. He believes that lower interest rates will help to supercharge the economy, and help the government to refinance trillions of its debts.

The Fed has largely avoided his plea for interest rate cuts and maintained its independence. As a result, there are concerns that he will fire Jerome Powell, the Fed official he appointed in his first term. In an interview last week, Senator Elizabeth Warren warned that no Federal official was safe, including Powell, citing the recent Trump firings.

Now,  Fed official has warned that Trump’s policies will help to delay his interest rate cuts. In a statement, Tom Barkin, the head of Richmond Fed warned that April 2’s Liberation Day will mark the start of uncertainty and that it will take a while before the Fed determines when to cut interest rates. 

DOGE, BTC, and ETH prices do well when the Federal Reserve is cutting interest rates. On the positive side, analysts at Goldman Sachs boosted their recession odds and hinted that the bank would deliver three rate cuts in the year’s second half. 

ETH Price Prediction: Technical Analysis

The daily chart reveals that the ETH price crashed to a low of $1,773 this week. This was an important level since it coincided with the lowest swing on March 10. As such, there are signs that it has formed a double bottom pattern whose neckline is at the key point at $2,100. This neckline is a few points below $2,131, the neckline of the triple-top pattern at $4,010.

Therefore, broadly, the most likely ETH price prediction is still bearish since it formed a death cross and is below the neckline of the triple-bottom pattern. However, a move above the resistance at $2,131 will provide a short-term relief for the coin. A drop below the double-bottom point at $1,773 will invalidate the bullish Ethereum price forecast.

DOGE Price Technical Analysis

The weekly chart reveals that the DOGE price crashed from a high of $0.4822 in December to a low $0.1455 in March. It has recently dropped below the support at $0.2265, the upper side of the cup and handle pattern that formed between March and November last year.

DOGE price has also formed a small bearish pennant pattern, which is characterized by a vertical line and a triangle pattern. This pattern points to a bearish Dogecoin price prediction, with the next point to watch being at $0.0832, its lowest swing on August 5.

BTC Price Technical Analysis

The BTC price has crashed into a technical bear market in the past few months. It recently dropped and then retested the important resistance level at $89,155, the lowest swing on January 13, and the neckline of the double-top pattern at $109,000. A break-and-retest often leads to a continuation of the previous trend. Therefore, Bitcoin price will likely remain in a bearish trend until it rises above the key resistance level at $89,156. 

Summary of BTC, DOGE, and ETH Price Predictions

BTC, DOGE, and ETH prices will likely remain on edge as traders watch the upcoming Trump Liberation Day announcement. These tariffs may be bullish for these coins if they lead to Federal Reserve interventions. They will also do well if Trump unveils stimulus payments. For example, he is said to be considering stimulus payments to farm workers.