BTC/USDT Price Prediction for Christmas 2024: Bullish Scenario:
Bullish Scenario:
If Bitcoin manages to break above the $100,000 resistance (99-period MA) in the coming weeks:
Catalysts:
Increased retail and institutional buying as the year-end approaches.
A potential "Santa rally," where markets tend to rise during the holiday season.
Improved macroeconomic conditions (e.g., favorable inflation or interest rate data).
Target Price:
Short-term: $105,000 to $110,000.
By Christmas: Bitcoin could push toward $115,000–$120,000, supported by strong momentum and high volume.
Bearish Scenario:
If Bitcoin fails to break above $100,000 and bears take control:
Catalysts:
Global economic uncertainties or regulatory news.
Weak buying momentum or significant sell-offs.
Target Price:
Short-term: $94,000 to $90,000 (key support zones).
By Christmas: Bitcoin might dip further to $85,000–$88,000, especially if it breaks critical supports.
Key Factors to Monitor Leading to Christmas:
Market Sentiment:
Are whales accumulating, or is retail-driven selling increasing?
Fear & Greed Index can provide insights into market psychology.
Macro Events:
Federal Reserve's interest rate decisions and inflation data.
Any regulatory updates surrounding crypto globally.
Technical Breakouts:
Watch for a decisive breakout above $100,000 for bullish confirmation or a breakdown below Based on current patterns and the potential for increased activity in December, Bitcoin could target $110,000–$115,000 by Christmas if it successfully breaks above $100,000.
