#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The crypto market is expected to be volatile in the near term. Markus Thielen, founder of 10x Research, predicts that the market will open strong 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 Federal Open Market Committee meeting on January 29th, suggesting that the Trump-led Bitcoin rally may weaken.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of crypto research firm 10x Research, expects the recent Trump-led Bitcoin rally to weaken ahead of the Federal Open Market Committee (FOMC) meeting on January 29. 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 inflation data on January 15, and then rise again ahead of Trump's inauguration. However, the market may see a pullback ahead of the FOMC meeting. Thielen's view suggests that the FOMC meeting could have a significant impact on the market, leading to a weakening of the Bitcoin rally.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the January 29 FOMC meeting.
The Trump-led Bitcoin rebound could weaken.
The crypto market will see a "positive start" in early January, followed by a slight pullback ahead of the January 15 consumer price index inflation data release.
The market may pull back ahead of the January 29 FOMC meeting.