Bitcoin’s price is primed for a breakout before the end-of-month FOMC meeting, but it could go either way, says a crypto analyst.
Bitcoin is shaping up for a price breakout by the end of January ahead of the United States Federal Open Market Committee meeting on Jan. 29, says 10x Research head of research Markus Thielen.
But that breakout may see Bitcoin’s (BTC) price go up or down from its current level of $96,794, he said.
“Bitcoin trades within a narrowing triangle, signaling a breakout is imminent — likely no later than the January 29 FOMC meeting,” Thielen said in a Jan. 14 markets report.
