Bitcoin is experiencing significant market activity as of December 2024. Recently, Bitcoin surpassed the $100,000 mark for the first time in its history, with an all-time high of $103,804. This surge is fueled by factors like institutional adoption, strong retail interest, and favorable macroeconomic conditions. The approval of Bitcoin exchange-traded funds (ETFs) earlier in the year played a major role in driving demand. Analysts project further price increases, with predictions suggesting Bitcoin may reach $105,000 or more in the near term.
Market optimism is also supported by Bitcoin’s role as a hedge against inflation and increasing regulatory clarity in key markets. However, short-term resistance levels around $105,000 may slow its momentum. In the coming weeks, Bitcoin's price is expected to remain strong, with forecasts indicating continued growth into 2025.