#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Recently, market predictions suggest that the Bitcoin rally may weaken ahead of the Federal Open Market Committee (FOMC) meeting at the end of January. Markus Thielen, founder of 10x Research, 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 (CPI) inflation data on January 15th, and then rise again before Trump's inauguration. However, the market may pull back before the FOMC meeting on January 29th.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of crypto research firm 10x Research, predicts that Bitcoin's recent rally may weaken ahead of the Federal Open Market Committee (FOMC) meeting on January 29th. He believes 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 pull back before the FOMC meeting. This prediction is based on an analysis of macroeconomic factors, including the impact of inflation data, Fed monetary policy, and political events. While Thielen believes Bitcoin's recent rally may weaken, he did not explicitly predict price movements or provide specific pullback levels.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the Fed's FOMC meeting at the end of January.
A brief surge may occur before Trump's inauguration.
A slight pullback may occur before the release of the Consumer Price Index inflation data on January 15th.
The crypto market may see a positive start in early January.