Bitcoin experienced a quick pullback following Donald Trump's signing of the U.S. Bitcoin Reserve Order, leading to a drop in price. However, the cryptocurrency has since recovered and is consolidating between Fibonacci retracement levels, suggesting a potential breakout rally. The implementation of the Bitcoin reserve aims to prevent the U.S. government from selling approximately $17 billion worth of Bitcoin. U.S. Bitcoin spot ETFs saw massive outflows, with BlackRock, Grayscale, Franklin, ARK, and 21Shares selling significant amounts of BTC. Short-term market movements are volatile, and the current triangle pattern leaves Bitcoin's price at a crossroads.



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