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Bitcoin Falls Despite Fed Rate Cut, Analyst Forecasts Sideways Movement and Prefers BNB Over Ethereum

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BTC
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Bitcoin news shows the price falling despite the Fed’s rate cut, catching traders off guard. Analyst Markus Thielen points to mixed signals from Powell and a hawkish tone in the Fed’s statement as key factors. Bitcoin has lost momentum, breaking out of its 2023 bull channel with fund outflows in December. ETF inflows have slowed, and Thielen expects sideways movement as investors close year-end positions. He favors BNB over Ethereum, citing better ecosystem returns. Fear and greed index readings suggest caution is growing in the market.
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