The January rally in Bitcoin has gained momentum, greatly impacted by the anticipation of Donald Trump’s inauguration as the 47th U.S. President and current macroeconomic conditions. Despite this surge, the Federal Reserve’s upcoming decisions may pose risks, potentially affecting Bitcoin’s upward trajectory in the near term.

Positive CPI data, if realized, might enhance market Optimism, driving Bitcoin prices closer to the 97,000 USD to 98,000 USD range by the end of January. Though short-term volatility is expected, the growing interest from institutions continues to support a bullish outlook. Analysts, like Markus Thielen, predict significant price rebounds moving forward.