#BitcoinKeyZone

Bitcoin (BTC) is currently experiencing strong market activity, trading around $95,000 as of mid-December 2024. It recently hit an all-time high of $99,600 in November, and analysts suggest it could test the $100,000 level by the end of the month. The market is buoyed by expectations of a potential Federal Reserve rate cut, which could encourage risk-on investments like cryptocurrencies. BTC is consolidating between $92,000 and $98,000, with solid support at $92,000 and resistance near $97,000.

Many analysts remain optimistic, forecasting that breaking through current resistance could lead to BTC reaching $105,000 or higher before 2025. However, traders are advised to monitor macroeconomic factors closely, such as central bank policies and market liquidity.