If Bitcoin has reached $96k, then the market is in a strong growth phase (super cycle). In this case, the price prediction for December 2024 will depend heavily on:
( Below are 4 different years 1/12 _ 2020,2021,2022,2023 )
1. FOMO and Market Sentiment:
• If excitement continues and there are no major negative events, the price could climb to levels like $120k - $150k by the end of 2024.
2. Necessary Correction:
• After strong growth phases, the market often corrects. If this happens, the price may drop to strong support areas like $70k - $80k before stabilizing.
3. External Factors:
• Fed policies, Bitcoin ETFs, or intervention from regulators could significantly impact the price increase.
Predictions:
• Optimistic scenario: Bitcoin surpasses $120k - $150k.
• Correction scenario: Bitcoin stabilizes in the $70k - $90k range after a short-term correction.
Keep an eye on additional technical signals and important news to make appropriate investment decisions! #bitcoin