According to Markus Thielen, the chief research analyst at 10x Research, Bitcoin may experience significant price swings on January 29, 2025, if it breaks out of its current symmetrical triangle formation. However, Thielen cautions that there are various factors that could influence Bitcoin's trajectory. These include inflation data and Federal Reserve interest rate decisions. If inflation remains high and interest rates rise, Bitcoin's growth may be impeded. Conversely, if economic conditions improve, Bitcoin may see a surge in value. Thielen speculates that a breakout will occur on January 29, 2025, but acknowledges the uncertainty of making such predictions. While many analysts are optimistic, Thielen advises caution due to Bitcoin's famous volatility and the potential for obstacles to restrict its breakout potential.



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