Bitcoin Market Analysis: December 2024
Bitcoin has now retreated below $95,000, continuing to prepare for a breakout of the $100,000 mark.
Bitcoin’s characteristic volatility in December is intensifying, as predicted. This is a typical movement for this month. This dynamic, combined with profit-taking by long-term holders, creates a challenging scenario for the short term.
However, the cessation of selling by short-term holders is a positive sign, indicating a potential recovery. In addition, the prospect of $2 trillion in Bitcoin investment by 2025, driven by the increase in money supply, creates a promising scenario for the long term.
