The prediction for Bitcoin's price on December 18, 2024, depends on various market factors such as:
Factors supporting Bitcoin's price increase:
1. Positive news: A statement from President Donald Trump regarding the creation of a Bitcoin reserve has created significant momentum, helping Bitcoin's price reach $108,000. If the market continues to respond positively to this news, Bitcoin may continue to rise.
2. Technical trends: If the important support level around $105,000 is maintained, Bitcoin could rebound, aiming for a target of $110,000.
Factors putting downward pressure:
1. Investor profit-taking: After Bitcoin reaches its peak, many investors may sell to take profits, causing downward pressure.
2. Risk-averse sentiment: If unfavorable news or economic instability arises, investors may move their money to safer assets.
3. Technical analysis: If Bitcoin drops below the support level of $105,000, it may fall to a lower level around $103,000.
Personal prediction:
If there are no sudden negative news, I lean towards the possibility that Bitcoin will slightly increase during the day due to momentum from recent positive information. However, high volatility is inevitable, as the cryptocurrency market is very sensitive to unexpected events.
