$BTC As of December 7, 2024, Bitcoin remains one of the most relevant assets in the cryptocurrency market. Its rate is stable around $84,000-$85,000. Analysts expect that before the end of the year there may be a slight correction, but in the medium term they predict a recovery of growth.
Key factors affecting the market:
1. Regulatory news: The possible approval of a Bitcoin ETF in the US is expected, potentially increasing capital inflows from traditional investors.
2. Mining Reward Reduction (Halving): Scheduled for May 2024, it will limit the supply of new coins and could be a catalyst for further price growth.
3. Demand for payment solutions: The active development of technologies such as the Lightning Network promotes the use of Bitcoin for fast and cheap transactions, making it attractive to the market.
Potential risks:
Environmental limitations: Discussions around the environmental sustainability of mining remain relevant, particularly in the US and the EU.
Market volatility: Fluctuations are traditionally observed in December due to the rebalancing of investors' portfolios.
Long-term forecasts remain bullish, with the possibility of reaching $100,000 by the end of 2024 if positive factors continue to influence the market.