Donald Trump's inauguration and the FOMC meeting are key events that may impact Bitcoin pricing dynamics, according to expert analysis.
Forecasts Ahead of Trump's Inauguration
10x Research founder Markus Thielen predicts a strong start for Bitcoin in January, however, a brief correction may occur ahead of inflation data on January 15. Trump's inauguration is also expected to contribute positively to the cryptocurrency's growth.
FOMC Meeting's Role in Bitcoin Pricing
Thielen warns that the upcoming FOMC meeting on January 29 might temper Bitcoin's momentum. Previously, on December 18, the Fed's quarter-point rate cut led to a 15% Bitcoin price dip.
Fed's Communication Impact on Cryptocurrency
Thielen suggests that the Federal Reserve's communication timing will be crucial for determining future Bitcoin prices. He anticipates further inflation decreases in 2025 and believes timely communication by the Fed will be key for the crypto market.
Thielen emphasizes the importance of timing and communication by the Fed for Bitcoin's future, particularly in the context of institutional investors and new financial products like Bitcoin ETFs.
