As the year draws to a close, the bitcoin market finds itself at a decisive juncture. Investors were hoping for a period of stability to end 2024 on a positive note after a series of significant fluctuations. However, several major technical indicators are contradicting these expectations and pointing to a possible significant correction. Among these signals, the formation of a bearish pattern on the weekly charts and the erosion of critical support levels are triggering serious concerns. At the same time, macroeconomic conditions, marked by the decline in the global money supply and a tightening of policies by the US Federal Reserve, are increasing the pressure on risk assets. These combined elements are fueling the most pessimistic projections. Thus, some observers even suggest that the price of bitcoin could fall by $20,000. An in-depth analysis of these dynamics reveals the challenges, but also the opportunities, of a market in search of new certainties.
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