#BTCOutlook

As of December 23, 2024, Bitcoin (BTC) is trading at approximately $94,712, reflecting a 1.91% decrease from the previous close.

Earlier this month, Bitcoin reached an all-time high of $108,364 on December 17, 2024, before experiencing a correction of about 10% to around $93,000.

Despite this recent volatility, Bitcoin has demonstrated significant growth over the past year, with a year-to-date increase of approximately 124.33%.

Analysts maintain a bullish outlook for Bitcoin, with some forecasts suggesting that BTC could surpass $200,000 by 2025, driven by increasing institutional adoption and favorable regulatory developments.

However, it's important to note that cryptocurrency markets are highly volatile, and such predictions should be approached with caution.

In the short term, technical analysis indicates that Bitcoin is trading above key support levels, with resistance anticipated around the $100,000 mark.

Investors should monitor market trends closely and consider the inherent risks associated with cryptocurrency investments.