$BTC

Bitcoin's price action in December 2024 is exhibiting notable volatility and consolidation. It recently crossed the $100,000 milestone but has since experienced fluctuations. At the moment, BTC is trading near $100,535, experiencing minor pullbacks, particularly as it faces resistance around $100K. There has been a marked increase in market volatility, as evidenced by recent liquidations though Bitcoin still shows long-term bullish potential.Several indicators suggest that Bitcoin might revisit the $92K to $89K support levels before making another move up. Positive macroeconomic factors, like an anticipated Federal Reserve rate cut later this month, could provide upward momentum. Historically, Bitcoin's price has performed well in December after a strong November, indicating that it may break past $100K and target the $105K-$110K range by the end of the year.

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