Bitcoin recently hit a new peak at $108,365 but dipped below $105,000 ahead of a key Fed interest rate announcement. The market is eyeing a potential 25 basis point cut. Despite this volatility, analysts see a bullish trend, with long-term holders reducing profit-taking from $10 billion to $3 billion. This suggests they're gearing up for future gains. However, the falling Coinbase premium hints at weak US demand, raising caution among investors. As Bitcoin mirrors last year's trends, experts predict more fluctuations before a potential breakout in early 2025. Stay tuned!