According to Odaily Planet Daily, BTC has fallen to the 50-day moving average level, and analysts recommend being cautious about future trends. Katie Stockton, a technical analyst at Fairlead Strategies LLC, said that BTC will "return to a neutral bias" during the "consolidation phase."
Since Trump's victory, U.S. Bitcoin ETFs have attracted more than $12 billion in net inflows, but subscriptions have slowed recently, with 12 ETFs seeing net outflows of $680 million on December 19.
BTC has gained 125% so far this year, outperforming returns from traditional investments such as global stocks and gold. The broader crypto market index has also doubled, including cryptocurrencies such as ETH and Dogecoin.
