#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Recent Bitcoin price movements have drawn market attention, with 10x Research founder Markus Thielen predicting a weakening of the Bitcoin rally ahead of the January 29th FOMC meeting. He believes the crypto market will see a positive start in early January, followed by a slight pullback before the January 15th consumer price index inflation data release, and then another rise before Trump's inauguration. However, the market may see a pullback ahead of the FOMC meeting.
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 meeting on January 29th. He notes that the Trump-led Bitcoin rally may weaken before the FOMC meeting. This suggests that despite recent Bitcoin price gains, uncertainty remains in the market, and investors need to watch upcoming economic data and policy changes to gauge Bitcoin's future direction.
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.
Bitcoin could 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.