#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Recently, Markus Thielen, founder of market analysis firm 10x Research, predicted that Bitcoin's rally could weaken ahead of the Federal Open Market Committee meeting on January 29. He 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 decline ahead of the FOMC meeting on January 29.
Ace Hot Topic Analysis
Analysis
Markus Thielen, founder of cryptocurrency analytics firm 10x Research, predicts that Bitcoin's recent rally may 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 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 decline ahead of the FOMC meeting. Thielen's view suggests that the Bitcoin rebound under Trump's leadership may weaken before the FOMC meeting, potentially due to market expectations of changes in the Fed's monetary policy and the impact of inflation data.
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 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