#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Recently, the crypto market has seen a Bitcoin rally sparked by the inauguration of Donald Trump, but market analysts believe this rally may weaken ahead of the Federal Open Market Committee meeting on January 29th. 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, the market may see a pullback ahead of the FOMC meeting on January 29th.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of crypto research firm 10x Research, expects Bitcoin to have a positive start in early January, with a slight pullback before the release of the Consumer Price Index inflation data on January 15th, followed by another rise before Trump's inauguration. However, Thielen believes the market may pull back before the Federal Open Market Committee (FOMC) meeting on January 29th. He believes the Trump-led Bitcoin rally may weaken before the FOMC meeting. This suggests that despite recent Bitcoin price gains, there is still uncertainty about the future direction of the market, and the FOMC meeting could be a key factor influencing Bitcoin's price movement.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the FOMC meeting at the end of January.
Bitcoin may rise again before Trump's inauguration.
Bitcoin may see a slight pullback ahead of the release of the Consumer Price Index inflation data on January 15.
The crypto market will see a positive start in early January.