#BitcoinHashRateSurge Fed interest rate decision remains a key risk to bitcoin's rise

Markus Thielen (Markus Thielen) emphasized that the bitcoin exchange rate could rise on January 20, before the inauguration of US President-elect Donald Trump, and then go down:

“A favorable inflation report could revive market optimism, boosting the cryptocurrency ahead of Trump's inauguration. Then the momentum could fade ahead of the Federal Reserve meeting due on January 29. The Fed's decision remains a key risk to bitcoin's growth.”

Another factor the cryptocurrency will react to, according to Thielen, will be the pace of institutional investors returning to the market, which will be reflected in inflows into bitcoin spot ETFs.

By the end of January, the rate of digital gold will be in the range of $97,000 to $98,000 and is unlikely to be able to demonstrate a new historical maximum, the expert believes.

Earlier, analysts at Bravo Research said that investor optimism in the market has weakened and bitcoin has been under increasing pressure since the beginning of the year.