Bitcoin enthusiasts are buzzing with excitement as the market shows signs of a potential recovery following the December downturn caused by the Federal Reserve’s hawkish stance.
The focus now turns to upcoming events in January such as Donald Trump’s inauguration and the Consumer Price Index (CPI) report, both of which could significantly influence Bitcoin’s price trajectory.
Speculation is rife that Bitcoin might surge to unprecedented heights, potentially reaching an all-time high of $110,000.
As the market shakes off last year’s bearish trends, investors are keeping a keen eye on the Federal Open Market Committee (FOMC) meeting on January 29, which, along with the CPI report, is crucial in determining Bitcoin's next big move in 2024.
