10x Research: Expect a good start to the year, followed by a slight decline before the release of CPI data on January 15

10x Research noted in its market analysis that while some initial enthusiasm is expected at the start of the new year, it is not yet time to experience the kind of bullish sentiment seen in late January to March or late September to mid-December 2024. The year is expected to start well, followed by a slight pullback ahead of the release of CPI data on January 15. Favorable inflation data could reignite optimism and drive a rally ahead of Trump's inauguration on January 20. However, the momentum could wane and the market could pull back a bit ahead of the FOMC meeting on January 29. From January to mid-November 2024, Bitcoin's dominance rose from 50% to 60%, creating significant headwinds for altcoins. Although the dominance metric briefly fell to 53% over a three-week period (sparking hopes for an altcoin season), it quickly rebounded to nearly 58% before stabilizing around 55%. This consolidation highlights Bitcoin’s enduring dominance as the primary driver of crypto markets, while also signaling a possible challenge for altcoins unless the Bitcoin dominance metric falls again.