🔥 Bitcoin Market Update - December 2024 🔥

📉 Recent Movement:

Bitcoin hit an all-time high of $108,000 📈 but recently dipped 12% 📉, touching $93,000 before rebounding to around $97,000.

📊 Current Price:

BTC/USD is trading at $97,006 (-1.45%) today.

📌 Intraday Range:

• High: $98,942 🚀

• Low: $92,192 🔻

📅 Market Context:

1️⃣ Rising 10-year Treasury yields 📈 and recent Fed actions have affected investor sentiment.

2️⃣ BTC remains up 36% since Election Day despite this pullback. 🚀

3️⃣ Discussion of a potential U.S. Bitcoin Strategic Reserve 🏦 is heating up, sparking hope for future stabilization.

🔮 Prediction:

With BTC’s strong bounce back and market interest remaining high, there’s a 70% chance 📈 of further recovery towards the $100,000 mark in the short term. However, macroeconomic factors may cause more volatility. 🌪️

📢 Investor Tip:

📌 Stay cautious, use stop-losses, and consider dollar-cost averaging (DCA) to reduce risk. This market isn’t for the faint-hearted! 💪

🌟 DYOR (Do Your Own Research) 🌟

Always trade responsibly! 💼

#Bitcoin #BTC #Crypto #Binance #MarketUpdate