Bitcoin's performance today, December 12, 2024, has been relatively stable, trading in the range of $95,000 to $97,000. It is continuing a consolidation phase following its recent all-time high of $99,600 in late November. Analysts suggest Bitcoin could break the $100,000 mark by the end of December, with key drivers being a potential Federal Reserve rate cut and sustained institutional demand via Bitcoin ETFs.
Historically, December tends to be a strong month for Bitcoin, particularly in election years, with gains ranging from 30% to 46%. Given its 37% surge in November and declining exchange reserves, some analysts predict further upward momentum, possibly reaching $115,000–$141,000 by year-end, depending on market dynamics.
Currently, Bitcoin's technical indicators remain bullish, and its price is well above its 50-day and 100-day moving averages. The robust demand from both retail and institutional investors supports a positive outlook.