Bitcoin's December Outlook: The Dual Impact of Institutional Demand and Historical Resistance
With the arrival of December, the Bitcoin market is facing a crucial bullish opportunity. Multiple experts agree that the price of Bitcoin could potentially break through $100,000, but there are also certain resistances and risks involved.
Institutional Demand Becomes a Key Driving Force
Juan Pellicer, a senior researcher at IntoTheBlock, points out that December is expected to be a bullish month for Bitcoin. The core of this prediction lies in the unprecedented institutional demand triggered by the Bitcoin ETF, which will become the main driving force behind the price movement. As the ETF market matures, the scale of capital inflow will significantly increase, helping Bitcoin reach or even exceed the psychological barrier of $100,000.
Whale Accumulation Further Supports the Uptrend
Brian Quinlivan, chief analyst at Santiment, also holds an optimistic view on Bitcoin's prospects in December. He emphasizes that the accumulation behavior of crypto whales will play an important role in driving price growth. Recent data shows that the accumulation activity of large holders has significantly increased, providing strong support for the market.
Historical Resistance May Pose Short-Term Challenges
However, Julio Moreno, head of research at CryptoQuant, warns that despite the strong upward momentum, Bitcoin may face short-term resistance around $105,000. This range was an important resistance level when Bitcoin's price reached $74,000 in March. According to on-chain realized price data, this range may again exert pressure on the price, leading to a brief market correction.
Key Technical Levels
In order for Bitcoin to steadily break through $100,000, the market needs to first regain the historical high of $99,588 and turn it into support. If this transition is successful, the price of Bitcoin could rise to higher levels in mid to late December. However, if the market encounters a large-scale sell-off, the price may fall back to the $88,986 region, thus invalidating the bullish forecast.
Market Observation and Risk Management
Overall, the price trend of Bitcoin in December will depend on various factors, including institutional capital inflows, whale holding dynamics, and changes in market sentiment. Investors need to closely monitor on-chain data and macro market trends, and adopt a cautious strategy when the price approaches significant resistance levels.
