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#ReboundRally As we wrap up 2024, the cryptocurrency space, especially Bitcoin, is undergoing a massive comeback rally. In December, Bitcoin reached a historic milestone over $100,000, setting a new all-time high at $106,496 due to $5.5 billion inflows of institutional interest and friendly U.S. laws. In this landscape, Bitcoin ETFs — such as BlackRock’s iShares Bitcoin Trust — served as a key catalyst for investments, marking a newfound trust in the market from institutions. Q4 2024 saw a close to 50% gain for Bitcoin, despite a 2.4% dip in December, a conservative price target of $86,000, and an ambitious target of $118,000. Favorable trends include Donald Trump’s crypto-friendly presidency and global regulatory news including CBDC pilots. Other sectors took off too, with memecoins seeing a resurgence and tokenized assets making a run for $13 billion. Ethereum’s market cap exceeded $400 billion, and the NFT market recovered $757.57 million in sales. An all-time high, driven by a supporting cast of institutions, regulation and the market outlook, creates a very bullish future for 2025.
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#MarketRebound Signs of a potential Bitcoin market rebound emerge as 2024 comes to a close Bitcoin also recovered from key support levels, including 92,800 0.0% and continued to gain, despite a 2.4% drop in December as supported by technical measures, including Bollinger Band and Fibonacci corrections. Analysts expect it to jump to $105,000, on positive market sentiment and bullish pattern. From an on-chain metrics perspective, there are signs of decreasing severity in Bitcoin’s drawdown cycles, with the realized price of long-term holders sitting at $86,000 acting as an important support. The potential for regulatory greased with Donald Trump's crypto-friendly policies to Bitcoin spot ETFs’ approval fuel even more optimism. More access and confidence in Bitcoin as a global asset. Despite continued short-term turbulence, the long-term outlook has remained upbeat, with one priceprediction being $180,000 by the third quarter of 2025. Investors are advised to keep an eye on technical levels, regulatory changes, and institutional flows to take advantage of optimized for the market's recovery.
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#ChristmasMarketAnalysis Well, as of December 2024, the cryptocurrency market is in deep volatility and a bearish trend affecting a lot of things such as, recent rising Treasury yields in the United States and the Federal Reserve policy announcement on December 18 which contributed to a $500 billion drop in total market capitalization. Bitcoin, which trades at less than $100,000, has fallen by 8.3% the last week, and other large cryptocurrencies such as Ethereum and XRP have also lost ground. In years past, the Christmas holiday season has been hit and miss as far as cryptocurrency's performance, soaring during bullish cycles and tanking during bearish markets. Lower trading volumes on holiday are amplifying market volatility as Bitcoin futures are currently hovering around a critical range of $92,000 to $98,000. Bearish investor sentiment is reflected in profit-taking that has led to a wider-market decline of 14% from its all-time high. Positive factors such as the potential for a post-Christmas rally, Trump’s crypto-friendly presidency, and Bitcoin spot ETF approvals all lend cause for optimism of a recovery. Despite several hurdles, these could undergird near-term strength for Bitcoin above $90,000.
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#BTCOutlook $BTC Bitcoin (BTC) price prediction coverage for December 2024: bullish highs & volatility Price prediction models indicate that BTC may reach to $110,000 in December 2024, with high of $106,542 and low of $82,771. Others anticipate the bull run to last until 2025 with potential price points around $200,000. But it also warns of a major bearish impact in 2025 that could bring the price back down to $65,000-68,000. 2024's halving event will create increased scarcity and push the price higher, leading to a general uptrend[1]. It has to be stood because of the excessive volatility of the crypto marketplace, though, traders need to guard condition.
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#eigen #dexe I got Reward from #eigen #dexe.
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