Crypto heavyweight Bitcoin has lost upside momentum since its Trump-inspired advance, and with a dearth of fresh bullish news, a “rest” is likely to unfold in 2025. We wouldn’t be surprised to see the crypto pull back toward $US90,000 support, not a great read-through for the “Trump Bump” in the short term.
- We don’t invest/trade Bitcoin, but it is a helpful guide to the market sentiment; it suggests a quieter time ahead for high risk assets into the EOFY.
MM is now neutral on Bitcoin
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