#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Bitcoin's recent price action has drawn market attention. Markus Thielen, founder of 10x Research, predicts that Bitcoin could see a positive start in early January, followed by a slight pullback before the release of the Consumer Price Index inflation data on January 15th, and then another rise before Trump's inauguration. However, Thielen believes that the Bitcoin rally could weaken before the Federal Open Market Committee meeting on January 29th.
Ace Hot Topic Analysis
Analysis
Recently, there has been heated discussion in the market about whether the Bitcoin rally will weaken. Markus Thielen, founder of 10x Research, predicts that the crypto market will see a positive start in early January, followed by a slight pullback before the release of the Consumer Price Index inflation data on January 15th, and then rise again before Trump's inauguration. However, Thielen believes that the market may pull back before the FOMC meeting on January 29th. He points out that the Trump-led Bitcoin rally may weaken before the FOMC meeting. This suggests that market expectations for future economic policy direction, as well as the impact of inflation data, could lead to adjustments in the Bitcoin rally.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the January FOMC meeting
The Trump-led Bitcoin rebound may weaken
The crypto market will see a "positive start" in early January
followed by a slight pullback ahead of the January 15 consumer price index inflation data release
The market may pull back ahead of the January 29 FOMC meeting