#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The recent surge in Bitcoin, fueled by the inauguration of President Trump, may weaken ahead of the Federal Open Market Committee meeting on January 29, analysts say. Markus Thielen, founder of 10x Research, predicted that the market would see a positive start in early January, followed by a slight pullback before the release of the Consumer Price Index inflation data on January 15, and then another rise before Trump's inauguration. However, the market may see a decline ahead of the FOMC meeting.
Ace Hot Topic Analysis
Analysis
Cryptocurrency analyst Markus Thielen predicts that Bitcoin's rally may weaken ahead of the Federal Open Market Committee (FOMC) meeting on January 29. He believes 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 15, and then rise again before Trump's inauguration. However, the market may pull back before the FOMC meeting. Thielen's prediction is based on an analysis of macroeconomic factors and market sentiment, and he believes that the FOMC meeting could have a significant impact on the market, leading to volatility in Bitcoin prices.
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 may see a slight pullback ahead of the January 15 CPI inflation data release
The market may pull back ahead of the January 29 FOMC meeting