#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Recently, the crypto market has seen a Bitcoin rally sparked by the inauguration of Donald Trump, but analyst Markus Thielen predicts that this rally may weaken before the Federal Open Market Committee meeting on January 29th. He believes that 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 rise again before Trump's inauguration. However, the market may see a decline before the FOMC meeting.
Ace Hot Topic Analysis
Analysis
There are differing opinions in the market about the future direction of Bitcoin's rally. 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 also points out that the market may see a decline before the FOMC meeting on January 29th. This prediction suggests that despite Bitcoin's recent strong performance, its rally may weaken before the FOMC meeting. This could be due to changes in market expectations about the direction of the Fed's monetary policy and uncertainty surrounding the Trump administration's policies.
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