#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The recent surge in Bitcoin, fueled by the inauguration of President Trump, may weaken ahead of the Federal Open Market Committee meeting on January 29, analysts believe. Markus Thielen, founder of 10x Research, predicted a positive start to the crypto market in early January, followed by a slight pullback ahead of the release of the Consumer Price Index inflation data on January 15, and then another rise before Trump's inauguration. However, the market may see a dip ahead of the FOMC meeting on January 29.
Ace Hot Topic Analysis
Analysis
10x Research founder Markus Thielen 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 believes that the market may pull back before the Federal Open Market Committee meeting on January 29th, suggesting that the Trump-led Bitcoin rally may weaken. Thielen's prediction is based on an analysis of market sentiment and economic data, and he believes that the FOMC meeting could have a significant impact on the market, leading to a pullback 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 could 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.