Bitcoin December Trend Prediction: Will it Break 100,000 or Correct Downward?

With the start of December, Bitcoin surged to a historical high of 99,600 in November due to the U.S. elections. This increase is closely related to the victory of Ater and various countries' strategic reserve plans for Bitcoin.

However, Bitcoin is currently facing selling pressure at the 100,000 mark. Although the selling pressure is weakening, the buying support below still appears insufficient, and there are clear signs of market correction.

From a medium to long-term perspective, the daily and weekly support remains effective, and Bitcoin is still expected to break through the 100,000 barrier before the end of 2024.

However, to achieve this goal, it will need to go through multiple fluctuations, using a strategy of rising first and then falling to lure in short sellers, before breaking through in one go.

It is worth noting that the first phase of the bull market has just ended, and one should rationally treat the ups and downs, manage positions well, set take-profit and stop-loss orders, and avoid blindly chasing price increases or selling into declines. $BTC $ETH $XRP #微软比特币投资投票案 #NFT市场回暖 #ETH持续飙升 #XRP市值重回第三 #XRP解锁新趋势