BTC Update: The Countdown Begins â 12 Days Left to End 2024!
Bitcoin's Q4 narrative is hanging by a thread. With just 12 days left in the year, we could witness a historic moment: the first halving cycle where Bitcoin fails to close all three months of Q4 in the green. đš Key Highlights: For the first time, December might end in the red, breaking a streak of bullish Q4 closes during previous halving cycles.After a relentless rally, Bitcoin has finally printed a significant weekly red candle, leaving holders wondering: Is the bull run over? Whatâs Happening Now? Bitcoinâs recent pullback below $100K has triggered fear across the market, with a possible retest of the low $80K range in sight. The year-end holiday season is typically marked by low trading volume, making BTC vulnerable to short-term dips. But donât panicâthis is a normal consolidation phase in a bull market. Historically, such pullbacks have paved the way for renewed momentum at the start of a new year. Whatâs Next for BTC? đź Short-Term Outlook: Expect low volume and potential corrections in the coming days, with BTC eyeing support around $80K. đ Long-Term Outlook: Early 2025 could see BTC regain strength, targeting $120K within 1â2 weeks of the new year.Key drivers: institutional inflows, reduced volatility after options expiry, and renewed market confidence post-holidays. đĄ Takeaway: This pullback doesnât signify the end of the bull runâitâs merely a pause. Bitcoinâs long-term fundamentals remain strong, and with 2025 being a post-halving year, weâre likely to see new highs in the months ahead. đ Whatâs your prediction? Comment âMDINIâ for more updates! And remember, always DYOR! đĄ #Bitcoin #BTC #CryptoUpdate #CryptoPredictions