As of December 25, 2024, Bitcoin (BTC) is trading at approximately $98,087, reflecting a 4.10% increase over the past 24 hours.
This recent uptick comes after Bitcoin surpassed the $100,000 milestone earlier this month, reaching an all-time high of $108,268.45 on December 17, 2024.
Analysts suggest that Bitcoin could reach a cycle peak by mid-January 2025, with potential price targets ranging from $146,000 to $212,500.
However, some caution that a significant reduction in the global money supply could trigger a substantial price correction, potentially bringing Bitcoin's value down to $20,000.
Given these varying projections, it's crucial for investors to stay informed and consider the inherent volatility of the cryptocurrency market when making investment decisions.
