A potential Bitcoin rally driven by market optimism surrounding Donald Trump’s inauguration on January 20 could face headwinds later this month as the Federal Reserve prepares to announce its first interest rate decision of the year, according to a recent report by 10x Research.

Markus Thielen, founder of the research firm, noted that while Bitcoin’s price may enjoy a “positive start” to January, key economic data and monetary policy events could curb its upward trajectory.

“A favorable Consumer Price Index (CPI) inflation report on January 15 could bolster market confidence, fueling a rally into the inauguration,”…