Bitcoin (BTC) Price and Next Movement Predictions (December 20, 2024):
Current Price: Bitcoin is trading at around $96,681, down 4.35% in the last 24 hours.
Daily High: $102,738.
Daily Low: $95,718.
Modern performance:
Bitcoin has seen significant volatility in recent weeks, hitting an all-time high of $101,419 after cryptocurrency advocate Paul Atkins was appointed chairman of the U.S. Securities and Exchange Commission.
After approaching the $100,000 mark, Bitcoin fell more than 8% to hit a weekly low of $91,377.
Future expectations:
Analysts are divided on Bitcoin's future path:
Some expect the price to rise to $105,000.
While others expect it to drop to $85,000.
Technical analysis:
On the 4-hour chart, the technical trends are bullish, with the 50-day moving average rising, indicating the strength of the short-term trend.
The monthly forecast suggests a 14.58% price increase, reaching $119,388 by January 16, 2025.
Important Notes:
The cryptocurrency market is highly volatile, and future predictions should be treated with caution.
Investors are advised to conduct their research carefully and consider their risk tolerance before making investment decisions.