• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: The Knot Is Unraveling in Bitcoin! January 29, 2025 will be the determining date for the price!
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Bitcoin and BTC > The Knot Is Unraveling in Bitcoin! January 29, 2025 will be the determining date for the price!
Bitcoin and BTC

The Knot Is Unraveling in Bitcoin! January 29, 2025 will be the determining date for the price!

vitalclick
Last updated: January 15, 2025 11:50 am
1 week ago
Share
SHARE

Bitcoin $96,738.3A significant movement in the price of (BTC) is expected to occur before the US Federal Open Market Committee (FOMC) meeting to be held on January 29. Head of Research at 10x Research Markus ThielenAccording to , the fact that the largest cryptocurrency is moving in a narrowing triangle formation indicates that the price will soon experience an upward or downward break. “Bitcoin will most likely choose a direction from the current level of $96,794 before the FOMC meeting on January 29,” said Thielen, adding that they based all guidance on technical analysis.

How Could the FOMC Meeting Affect Bitcoin’s Price?Election Period Uncertainty in Bitcoin’s Price

How Could the FOMC Meeting Affect Bitcoin’s Price?

Thielen will be announced today at 16.30 GMT Consumer Price Index He pointed out that expectations regarding (CPI) data have increased. “If inflation data comes in lower than expected, it could trigger a rally in Bitcoin,” he said.

10x Research Bitcoin Analysis

The FOMC meeting on January 29 is an important date when the first interest rate decision of 2025 will be announced. cryptocurrency marketThe decision of the US Federal Reserve (Fed) in December was considered one of the most hawkish tones of recent times. According to Bitfinex’s report Jerome PowellThe messages given at the press conference in December indicate that “the expected interest rate cuts in 2025 will be less.”

bitfinexattracts the attention of cryptocurrency market players CME FedWatch ToolHe also pointed out that he turned it into . According to the data provided by the tool, the probability of no interest rate reduction in the first half of the year is 38.3 percent.



Election Period Uncertainty in Bitcoin’s Price

Thielen, Bitcoin’s price Donald TrumpHe noted that ‘s may consolidate before the start of the US presidential term. “Due to weak market dynamics, the price of Bitcoin will most likely move in a narrow band until mid-March,” he added.

In other news, cryptocurrency analyst Lark Davis He drew attention to historical data. In an X post dated January 14, Davis noted that Bitcoin had similar price movements ahead of the 2021 Presidential Election. Davis, Joe BidenEmphasizing that the price dropped to 30 thousand dollars before he took office and then increased to 55 thousand dollars, he said, “Even though history does not do exactly the same things, it is generally similar.”



Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

What Happened That Crypto Hasn’t Risen For Months?

Bitcoin Price Signals New Uptrend

Bitcoin (BTC) Price Breaks Daily Record, Surpasses $59,700

Strategic Bitcoin Reserve Plan in the USA After Trump’s Election Victory!

Comment from Famous Analyst That Will Upset Altcoin Investors: Bitcoin Can Crush Others!

TAGGED:BitcoinBTC
Share This Article
Facebook Twitter Email Print
Previous Article Bitcoin Poised for Major Breakout Ahead of FOMC Meeting, Says Analyst
Next Article RWA Space to Bolster With Algorand 4.0—ALGO Price Rally to $1 is Pre-Programmed!
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?