Bitcoin (BTC) continues to show strong performance, with its price hovering in the $93,000–$96,000 range as of today. After a remarkable 37% rise in November 2024, Bitcoin is trending toward testing the psychological $100,000 mark, supported by institutional interest and decreasing exchange reserves. Analysts predict further gains, with possible year-end targets between $115,000 and $135,000 if the bullish trend continues  .
However, there is also potential for short-term volatility. Analysts warn that Bitcoin might face resistance near $96,000, leading to a temporary pullback before a new rally occurs. Long-term holders and ETF inflows are providing strong support for price stability, suggesting a bullish outlook for the near future  .
While the long-term view remains optimistic due to factors like ETF adoption and institutional buying, it’s essential to watch for potential short-term corrections, especially if BTC fails to decisively break the $100,000 level in the coming days .
If you’re considering investing or trading, this could be a pivotal moment, but as always, manage your risk appropriately. Let me know if you’d like further insights!$BTC #BitcoinTherapist
