#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The recent surge in Bitcoin, fueled by the inauguration of President Trump, is expected to weaken ahead of the Federal Open Market Committee (FOMC) meeting on January 29th, according to analysts. Markus Thielen, founder of 10x Research, predicts a positive start to the market in early January, followed by a slight pullback before the release of the Consumer Price Index (CPI) inflation data on January 15th, and then another rise ahead of Trump's inauguration. However, the market may see a decline before the FOMC meeting.
Ace Hot Topic Analysis
Analysis
There has been much discussion in the market recently about whether the Bitcoin rally will weaken. Markus Thielen, founder of 10x Research, predicts that Bitcoin will 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 that the market may pull back before the FOMC meeting on January 29th. He points out that the Trump-led Bitcoin rally may weaken before the FOMC meeting. This suggests that market expectations for the Fed's monetary policy and changes in inflation data could have an impact on Bitcoin prices. While Thielen is cautious about Bitcoin's short-term trajectory, he also believes that Bitcoin will have a positive start in early January, indicating that the market remains optimistic about Bitcoin's long-term prospects.
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