Analysis: BTC has fallen to the 50-day moving average, remain cautious about future trends

Odaily reports that BTC has fallen to the level of the 50-day moving average, and analysts believe that caution is needed for the future market outlook. In a report, Katie Stockton, a technical analyst at Fairlead Strategies LLC, wrote that the test of the closely watched average line shows that BTC will "return to a neutral bias" during the "consolidation phase". Since Trump's victory, US ETFs that directly invest in Bitcoin have attracted over $12 billion in net inflows, but the pace of subscriptions has recently slowed, with a net outflow of $680 million from 12 ETFs on December 19. So far this year, BTC has risen 125%, outperforming traditional investments such as global stocks and gold. The broader cryptocurrency market index has also doubled, including cryptocurrencies such as ETH and Dogecoin. (Bloomberg)