Marcus Thielen emphasized that the price of bitcoin may rise on January 20, before the inauguration of the elected President of the United States, Donald Trump, and then decline:
"A favorable report on the inflation rate may revive market optimism, contributing to the growth of cryptocurrency ahead of Trump's inauguration. Then the momentum may weaken before the Federal Reserve meeting scheduled for January 29. The Fed's decision remains a key risk for bitcoin's growth".
Another factor that cryptocurrency will respond to, according to Thielen, will be the pace of institutional investors returning to the market, which will be reflected in the inflow of funds into spot bitcoin ETFs.