#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Currently, the market consensus is that Bitcoin's rally may weaken ahead of the Federal Open Market Committee meeting on January 29th. Markus Thielen, founder of 10x Research, predicts 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 15th, and then rise again before Trump's inauguration. However, the market may pull back before the FOMC meeting on January 29th. This prediction is based on an analysis of the impact of US economic policy and inflation data, as well as market expectations for the direction of policy under Trump's leadership.
Ace Hot Topic Analysis
Analysis
Crypto market analysts are taking a cautious approach to the future of Bitcoin's rally. Markus Thielen, founder of 10x Research, predicts that Bitcoin could see 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 believes that the market could see a dip before the Federal Open Market Committee meeting on January 29th. Thielen's analysis suggests that while Bitcoin has been performing strongly recently, the market could be influenced by external factors such as inflation data and the Federal Reserve's monetary policy. Therefore, investors need to closely monitor these factors and be prepared for market volatility.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin could have a positive start in early January, with a slight pullback before the release of the Consumer Price Index inflation data on January 15.
Bitcoin could rise again before Trump's inauguration.
The market could pull back before the FOMC meeting on January 29.
The Trump-led Bitcoin rally could weaken before the Federal Open Market Committee meeting on January 29.