#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
Recently, market expectations for Bitcoin's rally have diverged. 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 stated that the market may pull back before the FOMC meeting on January 29th, implying that the Trump-led Bitcoin rally may weaken.
Ace Hot Topic Analysis
Analysis
Cryptocurrency research firm 10x Research founder Markus Thielen 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 Bitcoin rally could weaken before the Federal Open Market Committee (FOMC) meeting on January 29th. He notes that the Trump-led Bitcoin rebound could see a pullback before the FOMC meeting.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's rally may weaken ahead of the January 29th FOMC meeting.
The Trump-led Bitcoin rally may weaken.
The crypto market may see a slight pullback ahead of the January 15th CPI inflation data release.
The market may pull back ahead of the January 29th FOMC meeting.