10x Analysis warns that Bitcoin’s momentum could falter within the first quarter. For merchants, the discharge of the Shopper Value Index (CPI) on January 15 is essential. Earlier than the info, consultants predict a probable decline, with a possible rally if the outcomes are constructive. Nevertheless, as focus turns to the Federal Open Market Committee (FOMC) assembly on January 29, this rebound won’t final lengthy.
By the top of January, the worth of bitcoin, which reached its highest factors in late 2024 following Fed rate of interest decreases, could vary from $96,000 to $98,000.
The growing dominance of Bitcoin is one other important side influencing the market. January by way of November 2024, its market share rose from 50% to 60%, overshadowing altcoins. Whereas a quick dip to 53% sparked hopes for an altcoin rally, Bitcoin’s dominance rapidly rebounded to 55% by the 12 months’s finish.
Presently, Bitcoin’s share stands at about 57% with costs altering arms at $99,225. Many 2025 projections are nonetheless at variance, suggesting peaks as excessive as $150,000 and corrections again as little as $80,000.
As market dynamics unfold, traders are urged to watch Bitcoin’s dominance and upcoming financial indicators intently.