#Bitcoin's rally may be losing steam.#
Hot Topic Overview
Overview
The current view that Bitcoin's rally may weaken primarily stems from a prediction by Markus Thielen, founder of 10x Research. He believes Bitcoin will have a positive start in early January, experiencing a slight pullback before the release of the Consumer Price Index inflation data on January 15th, followed by another surge before Trump's inauguration. However, the market may see a decline before the FOMC meeting on January 29th. This prediction is based on an analysis of US economic policies and market sentiment, suggesting that the Trump-led Bitcoin rebound may weaken before the FOMC meeting.
Ace Hot Topic Analysis
Analysis
10x Research founder Markus Thielen predicts that Bitcoin will have 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, Thielen believes that the market may pull back before the FOMC meeting on January 29th, suggesting that the Trump-led Bitcoin rally may weaken. Thielen's predictions are based on an analysis of macroeconomic factors, including the impact of inflation data and Federal Reserve monetary policy. He believes that the FOMC meeting could have a significant impact on market sentiment, leading to a correction in Bitcoin prices.
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
The market may pull back ahead of the January 29 FOMC meeting