#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Market analysts are taking a cautious stance on Bitcoin's recent rally. Markus Thielen, founder of 10x Research, predicts that Bitcoin will see a positive start in early January but could see a pullback before the Federal Open Market Committee meeting on January 29th. He believes that the market could rally again before Trump's inauguration but will subsequently pull back due to the impact of the Fed's monetary policy.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of crypto research firm 10x Research, predicts a potential slowdown in Bitcoin's rally 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 minor pullback before the release of the Consumer Price Index (CPI) inflation data on January 15th, and then another surge before Trump's inauguration. However, the market could see a decline ahead of the FOMC meeting. This prediction is based on an analysis of macroeconomic factors, including inflation data, Trump's inauguration, and the Federal Reserve's monetary policy. Thielen believes these factors could impact market sentiment, leading to a slowdown in Bitcoin's 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 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