Home > Quick > Body

10X Research research director: Bitcoin is expected to see a breakthrough before the January FOMC meeting

clock
2025-01-15 03:56:16
Markus Thielen, head of research at 10x Research, said that the bitcoin price is on track for a breakout before the Federal Reserve Open Market Committee (FOMC) meeting at the end of January. The current bitcoin price is at $96,794, and this breakout could go up or down. Thielen noted in his January 14 market report that bitcoin is trading within a narrowed triangle, indicating that a breakout is imminent and is not expected to come later than the January 29 FOMC meeting.
From a trading perspective, the best strategy is to follow the breakout direction. He added that Bitcoin is likely to remain range-bound until mid-March due to weak market drivers. According to CME Fed Watch Tool data, Fed funds futures market traders expect a 38.3% probability that the Fed will not cut rates in the first half of 2025.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.

7x24 Newsflash

00:07 2025-07-08
Trump: Today's tariff letter is somewhat final, but open to other ideas
US President Donald Trump said the tariff letter sent today was in some way a final offer. The August 1 deadline (for trade talks) is clear, but open to other ideas.
00:00 2025-07-08
Goldman Sachs raised its expected S & P 500 returns to + 3%, + 6% and + 11% over three, six and 12 months, respectively.
Goldman Sachs raised the expected return on the S & P 500 to + 3% (6,400 points), + 6% (6,600 points) and + 11% (6,900 points) over three, six and 12 months, respectively.
23:51 2025-07-07
Early holders of Ethereum transfer $2.20 million worth of "Genesis" after 10 years of "holding"
Blockchain data shows that an investor holding $2.20 million worth of Ethereum began transferring the tokens on Monday after idling them for nearly 10 years. The holder originally received the 900 ETH in 2015, when Ethereum was priced at less than 50 cents. These are "genesis coins", the digital tokens born in the first block of Ethereum. Early contributors and developers of the project received these "pre-mined" ETH - worth only a few cents at the time - before Ethereum officially enabled tradi...
23:51 2025-07-07
Trump: More weapons will be provided to Ukraine
Trump: More weapons will be provided to Ukraine. We must provide more weapons to Ukraine to help them defend themselves. (Jin Ten)
23:33 2025-07-07
Golden Morning News | List of important developments overnight on July 8
21:00-7:00 Keywords: Solana ETF, Kuru Labs, Bit Digital, Tariffs, 1. The SEC has delayed approval of the Fidelity Spot Solana ETF. Trump announced that he will impose 25% tariffs on Japan and South Korea starting from August 1. 3. Trump sent a letter outlining the latest tariff rates facing 14 countries. 4. Kuru Labs received $11.50 million in financing, led by Paradigm; 5. Bit Digital converts BTC to ETH and holds more than 100,000 ETH in total; 6. Robinhood tokenized shares face European Union...
23:21 2025-07-07
This year, 14 states in the United States have passed 26 bitcoin-related bills
According to Bitcoin Laws, 26 bitcoin-related bills have been passed in 14 states this year.
23:00 2025-07-07
Sources: Israel's judgment on Trump may give the green light for new military action against Iraq
According to two people familiar with the matter, Israel is preparing for a possible restart of Iran's nuclear program, and its senior officials believe that US President Donald Trump may approve a new round of Israeli strikes. When Trump and Israeli Prime Minister Benjamin Netanyahu have dinner at the White House on Monday night local time, the way forward for the Iranian nuclear crisis will be a main...
22:54 2025-07-07
US offers European Union deal to impose 10% tariffs, but with conditions attached
The United States has offered the European Union a deal that would maintain benchmark tariffs of 10 percent on all European Union goods, with the exception of sensitive industries such as aircraft and spirits, a European Union diplomat and a European Union official said. Diplomats stressed that the contours of trade deals remained largely an evolving goal and that any deal would require Mr. Trump's approval to move forward. Washington has not said it would exempt politically sensitive industries...
22:51 2025-07-07
U.S. Court of Appeals Rejects Coin Center's Appeal Against Treasury Department's Tornado Cash Sanctions
The US Court of Appeals for the Eleventh Circuit rejected Coin Center's appeal against the Treasury Department's sanctions against Tornado Cash, ending a legal dispute between the two sides after the Treasury Department added multiple wallet addresses to the sanctions list, prompting Coin Center to accuse it of overstepping its authority.
22:39 2025-07-07
National leaders' gender inconsistencies, Trump's trade letter makes low-level mistakes
According to foreign media reports, Trump mistakenly referred to the country's leader as "Mr. Chairman" in his tariff letter to Bosnia and Herzegovina, even though the current chairperson of Bosnia and Herzegovina's presidency is a woman. Bosnia and Herzegovina has a three-member bureau, which is now led by Zelika Tsvianovic. The letter begins with "Her Excellency" (Her Excellency, Her for women), but the greeting is "Dear Mr. Chairman". In addition to the name of the country and the leader and ...
22:39 2025-07-07
Zuckerberg poached Apple's AI executives for a $10 million annual salary
Apple's top executive in charge of artificial intelligence models will move to Meta Platforms (META. O), according to foreign media reports, in another setback for Apple's (AAPL. O) struggling AI work. According to people familiar with the matter, Ruoming Pang, a prominent engineer and manager of Apple's basic model team, is leaving. To win over Pang Ruoming, Meta offered tens of millions of dollars in compensation. Meta CEO Mark Zuckerberg has been on a hiring spree, bringing in a number of AI ...
22:32 2025-07-07
TON Foundation announces hiring of vice president of marketing after controversy over UAE's "golden visa"
In response to controversy over the launch of a 10-year "golden visa" scheme for TON pledgers in the UAE, the TON Foundation has announced the recruitment of a vice president of marketing to develop a global promotion strategy to attract new users. Previously, the scheme required investors to pledge $100,000 to TON for three years and pay a $35,000 processing fee. The original claim was that they could receive visa and pledge proceeds, but the UAE government clarified that it did not authorize o...