As of December 28, 2024, Bitcoin ($BTC ) is trading at approximately $94,504, reflecting a 2.37% decrease from the previous close.
Earlier this month, Bitcoin surpassed the $100,000 milestone, driven by factors such as the approval of Bitcoin Spot ETFs in January 2024 and the re-election of President Donald Trump, who has expressed support for cryptocurrencies.
However, recent technical analyses indicate a potential slowdown in Bitcoin's upward momentum. Investtech reports that Bitcoin has broken through the floor of a rising trend channel in both the short and medium-long term, suggesting either a deceleration in its growth rate or the beginning of a more negative trend.
Additionally, the emergence of advanced quantum computing technologies poses a potential future threat to Bitcoin's security. Google's new quantum chip, Willow, has raised concerns about the ability to crack Bitcoin's encryption, though current capabilities are not yet sufficient for such a feat.
