In December 2024, Bitcoin price is trading around $96,795. Many analysts predict that Bitcoin will continue its bullish trend, with the potential to break through the $100,000 mark, mainly driven by institutional demand through Bitcoin ETFCoinCodexBeInCrypto fund flows.
However, Bitcoin still faces significant resistance around $105,000, and to reach $100,000, Bitcoin price needs to turn the previous resistance level of $99,588 into a solid support levelBeInCrypto. If this momentum can be maintained, Bitcoin has the potential to continue its rise, although there is a possibility of a short-term correction given the market volatilityCoinCodexBeInCrypto.
Investors are advised to pay attention to these resistance levels and the overall market dynamics to anticipate the potential for larger price movements.#BTC☀ #BitcoinKeyZone