#BitcoinKeyZone Bitcoin (BTC) is trading near $95,000 in December 2024, with analysts predicting it could reach $100,000 or higher by year-end. Institutional demand and whale accumulation are driving prices, with supply on exchanges at multi-year lows. Geopolitical tensions and U.S. Federal Reserve rate cuts have boosted Bitcoin's appeal as a hedge against uncertainty. ARK Invest forecasts a potential price of $124,000 due to increasing adoption and market momentum. Technical indicators also support a bullish outlook, with key resistance levels being tested. However, market volatility remains a risk.
