The Bitcoin ETF boom subsided, and Bitcoin posted its worst performance in a month

Bitcoin had its worst performance in about a month as the U.S. frenzy of new ETFs for the largest digital asset subsided. At the moment, the TokenFluctuation is small and broadly flat, while as of Sunday, the Token has fallen for three consecutive days, the longest decline since mid-December. IG Australia Pty’s market analyst Tony Sycamore said in a note that Bitcoin’s rapid retreat after the rally has the characteristics of “buying at rumors, selling at facts” expected by some market watchers. According to the signals of the chart pattern, he believes that Bitcoin could fall to $38,000 to $40,000.

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