Bitcoin $BTC has recently been navigating an exciting yet volatile phase. In December 2024, its price has consolidated below the $100,000 mark after achieving an all-time high of $103,804 earlier in the month. Analysts predict a bullish outlook, with potential for Bitcoin to break past $100,000, driven by strong institutional demand through Bitcoin ETFs and whale accumulation. November's remarkable performance saw a 50% increase, making it Bitcoin's best month ever, setting a solid foundation for further gains.
Currently, market sentiment is optimistic, with the Fear & Greed Index showing "Extreme Greed." However, resistance at $105,000 and the possibility of short-term corrections remain key hurdles. As Bitcoin enters its exponential growth phase, backed by institutional accumulation and favorable macroeconomic conditions, it is poised to solidify its position as a dominant financial asset.