In December 2024, the Bitcoin (BTC) market is expected to continue its positive growth trend thanks to a number of supporting factors:

1. Halving effect and participation of Bitcoin ETFs: The Bitcoin Halving event that took place earlier this year has reduced the amount of new supply in the market, while Bitcoin ETFs have attracted a large amount of capital from institutional investors, with a total investment of up to 70 billion USD this year. These factors create a supportive foundation for the BTC price, with a potential target of reaching or exceeding the 100,000 USD mark in the near future

2. Technical forecast and target price: According to technical analysis, BTC may fluctuate between 76,000-116,000 USD in 2024, with an average of nearly 95,000 USD. Key resistance levels in December are forecast at $93,791 and $100,000 if market sentiment remains bullish

3. Potential Short-Term Correction: Some experts warn that the current high RSI could lead to a short-term correction, but the long-term trend remains bullish due to strong fundamentals

Potential Risks

However, investors should be aware of the potential for strong volatility, especially if factors such as US interest rates, institutional capital flows, or the crypto regulatory landscape change. This could lead to sharp price corrections

If you are considering entering the market, closely monitoring the above factors and applying a careful risk management strategy will help optimize potential profits during this period.