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SandroCripto
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Bearish
"Here's why the market is red, reads the Cointelegraph article:
Trump's Bitcoin rally could slow ahead of late-January FOMC meeting, says 10x Research
10x Research founder Markus Thielen said that Federal Reserve decisions remain Bitcoin's “primary risk” to slowing it from another price surge.
A Donald Trump-led Bitcoin rally — expected to occur in the days leading up to his inauguration as U.S. president on Jan. 20 — could weaken later in the month when the Federal Reserve releases its first interest rate decision of the year.
In a Jan. 5 report, 10x Research founder Markus Thielen predicted a “positive start” to January, followed by a slight pullback before the release of Consumer Price Index (CPI) data on Jan. 15, with a renewed rally ahead of Trump's inauguration.
“A favorable CPI result could “This momentum could rekindle optimism, fueling a rally leading up to Trump’s inauguration,” Thielen said of a potential positive reading on the index.
“However, this momentum could wane, with the market likely to pull back slightly ahead of the Jan. 29 FOMC meeting,” he said.
CME Group’s FedWatch Tool currently indicates an 88.8% chance that the U.S. federal target rate will remain between 425 and 450 basis points after the Jan. 29 FOMC meeting.
Bitcoin fell nearly 15% to around $38,996,100,86,392,800 after the Dec. 18 FOMC meeting, when the central bank reduced the number of projected interest rate cuts for 2025 from five to two.
The Federal Reserve’s announcement is the “primary risk” behind a Bitcoin rally in 2025, according to Thielen, who added:
“We anticipate lower inflation this year, although it may take some time for the Federal Reserve to formally acknowledge and respond to this change.”
(For full story visit Cointelegraph website)
629488887800268701573204266464542#mercadobaixista #informação
Trump's Bitcoin rally could slow ahead of late-January FOMC meeting, says 10x Research
10x Research founder Markus Thielen said that Federal Reserve decisions remain Bitcoin's “primary risk” to slowing it from another price surge.
A Donald Trump-led Bitcoin rally — expected to occur in the days leading up to his inauguration as U.S. president on Jan. 20 — could weaken later in the month when the Federal Reserve releases its first interest rate decision of the year.
In a Jan. 5 report, 10x Research founder Markus Thielen predicted a “positive start” to January, followed by a slight pullback before the release of Consumer Price Index (CPI) data on Jan. 15, with a renewed rally ahead of Trump's inauguration.
“A favorable CPI result could “This momentum could rekindle optimism, fueling a rally leading up to Trump’s inauguration,” Thielen said of a potential positive reading on the index.
“However, this momentum could wane, with the market likely to pull back slightly ahead of the Jan. 29 FOMC meeting,” he said.
CME Group’s FedWatch Tool currently indicates an 88.8% chance that the U.S. federal target rate will remain between 425 and 450 basis points after the Jan. 29 FOMC meeting.
Bitcoin fell nearly 15% to around $38,996,100,86,392,800 after the Dec. 18 FOMC meeting, when the central bank reduced the number of projected interest rate cuts for 2025 from five to two.
The Federal Reserve’s announcement is the “primary risk” behind a Bitcoin rally in 2025, according to Thielen, who added:
“We anticipate lower inflation this year, although it may take some time for the Federal Reserve to formally acknowledge and respond to this change.”
(For full story visit Cointelegraph website)
629488887800268701573204266464542#mercadobaixista #informação
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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