Bitcoin Breakout Alert: Research Company Head Shares Key Timeline

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,959,021,101,918	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,959,021,101,918

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-1,373.82	-1.37%	99,145.06	99,137.84	99,137.85

Price Change

Price Change %

Current Price

Bid Price

Offer

-1,373.82

-1.37%

99,145.06

99,137.84

99,137.85

High Price	Low Price	Open Price	Prev. Close	52 Week Range
100,828.44	98,598.00	100,513.67	100,518.88	38,501.00 - 108,388.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

100,828.44

98,598.00

100,513.67

100,518.88

38,501.00 - 108,388.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:00:11	0.001142	99,145.38	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:00:11

0.001142

99,145.38

USD

Price x Volume	Volume	Base Symbol	Related Pairs
299,464,283.03	3,004.10	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

299,464,283.03

3,004.10

Bitcoin Breakout Alert: Research Company Head Shares Key Timeline

16/01/2025 3:30am

NEWSBTC

The chief research analyst at 10x Research, Markus Thielen, thinks Bitcoin has a bright future. If Thielen’s crystal ball is correct, the digital asset might potentially experience significant price swings on January 29, 2025, once it breaks out of its so-called “symmetrical triangle” formation. Related Reading: Solana Tops The Charts As Artificial Intelligence Go-To Blockchain Platform —Research However, the path to this breakout is fraught with variables that could sway Bitcoin’s trajectory in any direction. Breaking Down The Technicals Bitcoin has been trading in a symmetrical triangular pattern for quite some time. These patterns typically signify consolidation, implying that the market is gearing up for a major move. Thielen sees this as a possibility for a breakout, which might push Bitcoin over its resistance levels. However, he adds that there is no assurance. The breakout may happen either way. Inflation And Fed Decisions Affect Bitcoin A breakout may not be fully based on technical analysis. Thielen notes that inflation data and Federal Reserve interest rate decisions will have a significant impact on Bitcoin’s future price behavior. If inflation remains high and the Fed continues to raise interest rates, the market’s risk appetite may decline, impeding Bitcoin’s growth. Alternatively, if economic conditions improve, Bitcoin may skyrocket. Timeline For Breakout Thielen speculates that Bitcoin will break out on January 29, 2025. If this schedule is accurate, we could witness a huge movement in the market. However, time, like all predictions, is subject to uncertainty. Thielen, meanwhile, alluded to a bullish break and the ensuing Bitcoin surge. Growing anticipation of increased Consumer Price Index (CPI) numbers served as the foundation for the market expert’s claim. The market may take longer to break through or face unexpected volatility, which alters the present trend. Investors should be cautious because the breakout could happen sooner or later than planned based on market conditions. The Uncertainty Factor While many analysts have a bright outlook, Thielen warns on prudence. Bitcoin’s price is famously volatile, with the possibility of huge volatility remaining. Investors should be aware that Bitcoin can encounter obstacles that restrict its breakout potential even with the positive technical patterns. Navigating this unpredictable terrain will depend much on risk management. Related Reading: Analyst Declares XRP A Bullish Favorite – Rally Imminent? Bitcoin In The Green Today Bitcoin was trading at $99,197, up 2.3% and 4.1% in the daily and weekly timeframes when this report was made. Featured image from Techopedia, chart from TradingView

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