According to TechFlow, on December 3, according to Cointelegraph, cryptocurrency analyst Michaël van de Poppe pointed out that the so-called "Trump deal" may have temporarily ended, and Bitcoin needs to break through the key resistance level of $98,000 to start a new round of increases.
Technically, analyst DonAlt predicts that once the $98,000 resistance level is broken, Bitcoin is expected to directly hit the $110,000 target. But he also warned that if the price falls below the $90,000 support level, it may fall further to $80,000. According to the GMI Total Liquidity Index, Bitcoin may reach $110,000 in January 2025.
In terms of fundamentals, Sina G, co-founder of 21st Capital, analyzed that Bitcoin's failure to break through $100,000 in November was mainly due to short-term holders (STH) taking substantial profits, and this selling pressure has significantly weakened. The market expects an additional $2 trillion in investment by 2025, of which about 10% may flow into the Bitcoin market. Furthermore, the Federal Reserve's liquidity policy is expected to drive the global money supply to $127 trillion, which may provide further support for Bitcoin prices.
