#BTCOutlook As of December 22, 2024, Bitcoin (BTC) is trading at approximately $95,302, reflecting a 2.2% decrease from the previous close.

Earlier this month, Bitcoin surpassed the $100,000 milestone, reaching an all-time high of around $108,282. 

This surge was largely attributed to increased investor confidence following the U.S. presidential election, with expectations of a more crypto-friendly administration under President Donald Trump. 

However, recent comments from the Federal Reserve indicating a potential slowdown in interest rate cuts for 2025 have introduced some market uncertainty, contributing to Bitcoin’s recent decline below the $100,000 threshold. 

Despite this short-term volatility, analysts maintain a positive long-term outlook for Bitcoin. Mary Ann Bartels, Chief Investment Strategist at Sanctuary Wealth, forecasts Bitcoin reaching between $113,000 and $150,000 in the near term, citing factors such as strong earnings and technological advancements. 

In summary, while Bitcoin has experienced a recent pullback due to macroeconomic factors, the overall sentiment remains bullish, with expectations of continued growth in the coming months.