Umair
10x Research warns that Bitcoin’s momentum may falter in the first quarter. For traders, the release of the Consumer Price Index (CPI) on January 15 is crucial. Before the data, experts predict a likely decline, with a potential rally if the results are positive. However, as focus turns to the Federal Open Market Committee (FOMC) meeting on January 29, this rebound might not last long.
By the end of January, the price of bitcoin, which reached its highest points in late 2024 following Fed interest rate decreases, may range from $96,000 to $98,000.
The increasing dominance of Bitcoin is another significant aspect influencing the market. January through November 2024, its market share rose from 50% to 60%, overshadowing altcoins. While a brief dip to 53% sparked hopes for an altcoin rally, Bitcoin’s dominance quickly rebounded to 55% by the year’s end.
Presently, Bitcoin’s share stands at about 57% with prices changing hands at $99,225. Many 2025 projections are still at variance, suggesting peaks as high as $150,000 and corrections back as low as $80,000.
As market dynamics unfold, investors are urged to monitor Bitcoin’s dominance and upcoming economic indicators closely.
