Bitcoin $BTC is trading at approximately $97,938, marking a steady rally from November's performance. Analysts predict a continued upward trajectory, with potential milestones of $100,000 in the short term and even $115,000 to $141,000 by the end of December. These predictions are supported by historically strong December performance in post-election years and declining Bitcoin exchange reserves, signaling reduced supply and increasing demand.

Recent developments include a surge in Bitcoin ETF inflows, amounting to over $31 billion, further tightening supply and driving bullish market sentiment. Analysts highlight a potential "supply shock" as long-term holders continue accumulating, limiting liquidity on exchanges.

This momentum reflects growing institutional interest and favorable market dynamics, suggesting a pivotal moment for Bitcoin investors this December.