#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The recent Bitcoin rally, fueled by the inauguration of President Trump, may weaken ahead of the Federal Open Market Committee meeting on January 29, according to market analyst Markus Thielen. He predicts a positive start to the crypto market in early January, followed by a slight pullback before the release of the Consumer Price Index inflation data on January 15, and then another rise. However, the market may see a decline ahead of the FOMC meeting.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of crypto research firm 10x Research, predicts that Bitcoin's recent rally may weaken ahead of the Federal Open Market Committee (FOMC) meeting on January 29. Thielen believes that the crypto 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 15, and then rise again before Trump's inauguration. However, the market may see a pullback ahead of the FOMC meeting. This prediction is based on an analysis of macroeconomic factors, as the FOMC meeting could have a significant impact on the market, leading to volatility in Bitcoin prices.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the FOMC meeting at the end of January.
Bitcoin may 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.