Bitcoin's price has declined despite a recent rate cut by the Federal Reserve, surprising traders. Analyst Markus Thielen attributes the downturn to mixed signals from Fed Chair Powell and a hawkish tone in the Fed's statement. Bitcoin has exited its 2023 bull channel, with December seeing fund outflows and a slowdown in ETF inflows. Thielen forecasts a sideways movement for Bitcoin as investors wrap up year-end positions. He also expresses a preference for BNB over Ethereum, citing superior ecosystem returns. The market's fear and greed index indicates growing caution among investors.