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BitcoinSistemi 2025-01-06 10:47:07

Famous Analyst Said "This Month Will Be Bumpy for Bitcoin" and Announced Month-End Price Expectation!

Bitcoin started the new week with an upward movement and the price exceeded $ 99,000. Bitcoin, which rose above $ 99,800 and pushed $ 100,000 again, is expected to continue its rise. However, Markus Thielen, founder of crypto analytics firm 10x Research, said that this rise in Bitcoin could fade at the end of the month as Trump takes office. In his recent 10x Market Updates report, Markus Thielen noted that the current Bitcoin rally, fueled by expectations for Donald Trump’s second term as US president, could lose momentum towards the end of January. Thielen expects Bitcoin and the market to experience volatility throughout the month after starting January positively. At this point, the analyst stated that Bitcoin is expected to decline before the US Consumer Price Index (CPI) data to be announced on January 15 and a rally is expected when Trump takes office on January 20. However, according to the analyst, this upward momentum will be short-lived and the momentum may decrease before the US Federal Open Market Committee (FOMC) meeting to be held on January 29. Thielen stated that FED decisions are the primary risk behind the rise in Bitcoin in 2025, and said: “We expect inflation to be lower this year than last year, but it may take some time for the Fed to acknowledge this change in inflation and respond by cutting rates.” Finally, Thielen stated that institutional investors will play an important role in the bull rally and that this will be reflected positively in stablecoin issuance and spot Bitcoin ETFs. Markus Thielen also added that he expects Bitcoin to be in the $97,000-$98,000 range by the end of January. *This is not investment advice. Continue Reading: Famous Analyst Said "This Month Will Be Bumpy for Bitcoin" and Announced Month-End Price Expectation!