As of December 19, 2024, Bitcoin ($BTC ) is trading at approximately $101,171, reflecting a 2.5% decrease from the previous close.

This decline is attributed to the U.S. Federal Reserve's recent interest rate cut, which, contrary to expectations, has led to a downturn in Bitcoin and other cryptocurrencies.

Despite this short-term volatility, analysts maintain a positive outlook for Bitcoin's long-term performance.

Projections for 2024 suggest that Bitcoin could reach an average price of $104,291, with potential peaks around $154,279 by December.

However, these forecasts are subject to change based on market dynamics and macroeconomic factors.

Investors should remain cautious and consider the inherent volatility of the cryptocurrency market when making investment decisions.