BTC Price Forecast: Can ETF Demand Push Bitcoin Beyond $100K?
By: Bob Mason
Published: Dec 22, 2024,
1• Key Points:
• BTC closes below $98K as Fed's rate cut, rate path outlook, and ETF outflows pressure demand.
• BlackRock’s IBIT anchors BTC ETF inflows, but net outflows on Friday signal investor caution amid Fed rate concerns.
• Bitcoin price outlook tied to ETF flows, Fed signals, and potential SBR progress, with $120K highs in sight.
2• BTC Hovers Below $98k After the Bruising Fed Projections
•On Saturday, December 21, BTC declined by 0.63%, reversing Friday’s 0.43% gain to close at $97,505. BTC fell short of $100k for the second successive session, reflecting investor caution
