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January 15, 2025

Bitcoin Set for Major Breakout Ahead of FOMC Meeting

Bitcoin seems poised for a significant price movement, according to Markus Thielen, head of research at 10x Research. He identifies a narrowing wedge pattern in the trading chart, often a precursor to breakout scenarios. Investors remain optimistic about Bitcoin’s potential for upward price momentum as market conditions evolve. The anticipation surrounding the upcoming FOMC meeting could further propel Bitcoin’s movement, making it a focal point for traders. With various market dynamics in play, the next few days are critical. Investors should prepare for the possibility of a substantial price shift as signals from the market indicate rising momentum.

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