Bitcoin welcomes regulatory bull, and the scene takes on a new look

Hello everyone, today is Sunday, December 15, 2024. We talk about the latest developments in Bitcoin and important news from the past 24 hours. At the same time, as a weekend special, we also discuss market-related topics.

Bitcoin market overview

Bitcoin has stabilized above $100,000 and the price is gradually climbing. In the short-term moving average group, more than half of the indicators have exceeded $100,000, indicating that the market has occupied a key price. The long-term moving average group has steadily followed up, laying a solid foundation for next year's bull market.

Supporting data overview

Experts point out that Bitcoin has significant support in the $94,000 to $100,250 range. Data shows that a total of 2.25 million wallets purchased 2.1 million Bitcoins in this range, providing strong support.

MicroStrategy included in Nasdaq 100 Index

Breaking news! MicroStrategy has officially joined the Nasdaq 100 Index. This is both a recognition of the company’s strategy and an affirmation of Bitcoin’s long-term value. Despite the risks due to high leverage, Michael Saylor, founder of MicroStrategy, firmly believes in the long-term upward trend of Bitcoin, driving the company's bold layout.

Bitcoin’s Dual Properties

Bitcoin has the characteristics of both a risky asset and a safe-haven asset. When the market encounters a black swan event, although it may fall along with US stocks in the short term, it will develop an independent market in the medium and long term, which is different from traditional assets.

Christmas market outlook

Looking back over the past decade, the crypto industry has rallied sharply eight times during the Christmas period. This year, in the context of the bull market, we are expected to see a similar market again. The logic behind the Christmas effect includes heightened market sentiment and increased capital flows: the festive atmosphere stimulates investment enthusiasm, and year-end bonuses and dividends become new sources of funds in the crypto market.

Let's look forward to a rise in Christmas prices.

Bitcoin future predictions

Institutional forecasts show that by 2025, the price of Bitcoin may reach $150,000 and the price of Ethereum may reach $8,000. Although these forecasts are conservative, they reflect the market’s optimism for mainstream crypto assets.

recent observations

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