Markus Thielen, chief research analyst at 10x Research, predicts a bright future for Bitcoin, foreseeing significant price swings by January 29, 2025. This potential breakout from its symmetrical triangle pattern could push Bitcoin above its resistance levels.
However, Thielen notes that inflation and Federal Reserve interest rate decisions could significantly impact Bitcoin's price behavior. High inflation and rising interest rates might suppress Bitcoin's growth.
Though promising, Thielen emphasizes prudence, cautioning that Bitcoin's famous volatility could pose obstacles, with risk management being crucial to navigating this unpredictable market landscape.
Sursă: www.newsbtc.com ↗