Bitcoin price remains below $88,000, with analyst Dami-Defi pointing out that Bitcoin is consolidating between $86,000 and $91,000, below a key resistance level. CryptosBatman emphasized that the 20-month moving average near $88,900 is a crucial monthly closing price for determining the trend direction. Despite positive ETF fund inflows, with spot Bitcoin ETF net inflows of $355 million, trading volume has fallen to its lowest point of the year, affected by the holiday trading off-season, with weekly trading volume of altcoins down more than 50% year-over-year.
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Bitcoin price remains below $88,000, with analyst Dami-Defi pointing out that Bitcoin is consolidating between $86,000 and $91,000, below a key resistance level. CryptosBatman emphasized that the 20-month moving average near $88,900 is a crucial monthly closing price for determining the trend direction. Despite positive ETF fund inflows, with spot Bitcoin ETF net inflows of $355 million, trading volume has fallen to its lowest point of the year, affected by the holiday trading off-season, with weekly trading volume of altcoins down more than 50% year-over-year.