According to online reports, Mike McGlone, senior commodity strategist at Bloomberg, said that with Trump's recent policies and investors turning to safer assets such as gold, Bitcoin may continue to perform poorly. He believes that risky assets are showing signs of returning to the long-term average, mainly its 200-week moving average, which has historically served as a key bottom line during major price adjustments. As of April 20, Bitcoin's 200-week moving average was approximately $46,300, a decrease of approximately 45% compared to the current price level of approximately $85,000.