#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The crypto market has seen a recent surge, but analyst Markus Thielen predicts that the rally could weaken ahead of the FOMC meeting on January 29th. He believes the 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 another rise before Trump's inauguration. However, the market could see a decline ahead of the FOMC meeting.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of cryptocurrency research firm 10x Research, expects the recent Bitcoin rally to 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 ahead of the Consumer Price Index inflation data release on January 15th, and then rise again before Trump's inauguration. However, the market may see a pullback ahead of the FOMC meeting. Thielen's view suggests that the Bitcoin rally under Trump's leadership may weaken ahead of the FOMC meeting, potentially due to changing market expectations about the direction of the Fed's monetary policy. The FOMC meeting will determine the future course of the Fed's monetary policy, which will have a significant impact on the market, including the cryptocurrency market.
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