#BTCNextMove

On December 19 and 20, 2024, the cryptocurrency market, particularly Bitcoin, experienced significant volatility.

On December 19, Bitcoin reached an all-time high of over $108,000, but then sharply dropped below $100,000, reflecting increased selling pressure in the market.

By December 20, Bitcoin continued its downward trend, trading around $97,063, down 3.59% in 24 hours.

This decline aligns with investors' risk-averse sentiment as they pulled back from speculative assets amid uncertain economic conditions.

Additionally, Bitcoin ETF funds recorded a record outflow of $672 million, indicating a shift in investor sentiment towards cryptocurrencies.

Technical analysts noted that Bitcoin had broken through key support levels, which could lead to a deeper downtrend in the short term.

However, some experts predict Bitcoin may correct to around $75,000 before establishing a new peak in the current cycle.

Overall, the cryptocurrency market is undergoing a strong correction phase, with high volatility and rapidly changing investor sentiment.$BTC $ETH $XRP