Bitcoin Traders Expect a "Bullish December" with Prices Exceeding $120,000

Bitcoin Traders Expect a "Bullish December" with Prices Surpassing $120,000

1.　New All-Time High and Optimistic Outlook

・On December 16, 2024, Bitcoin hit a new record high, surpassing $106,000

・ Traders are now targeting the $120,000 level, with some predicting that Bitcoin could exceed $125,000 by the end of 2025.

2.　Key Drivers Behind the Price Surge

・Increased ETF Inflows: Optimism about U.S. policies has driven significant capital inflows into Bitcoin spot ETFs, boosting its price.

・Institutional Adoption: Wealthy investors and institutions are gradually allocating 1-3% of their portfolios to Bitcoin and other cryptocurrencies, creating consistent demand.

・Policy Support: Speculation about pro-crypto appointments under President Trump, continuous U.S. rate cuts, and China’s economic stimulus measures are fueling bullish sentiment.

3.　Technical Factors and Market Trends

・Bitcoin is forming higher lows in its price action, indicating a sustained upward trend.

・The formation of a bullish flag—a continuation pattern—could signal further upside momentum.

4.　''Santa Claus Rally" and Seasonality

・Historically, December has been a bullish month for Bitcoin, often referred to as the "Santa Claus Rally.

・Over the past eight years, Bitcoin prices have risen in December six times, with gains ranging from 8% to 46%.

5.　Future Market Outlook

・Continued inflows from traditional financial markets are expected to further support Bitcoin's growth.

・As the idea of crypto allocation becomes more mainstream among institutional investors, significant capital could flow into the market.

・With policy tailwinds, such as pro-crypto measures from the Trump administration and economic recovery efforts in China, Bitcoin’s bullish trajectory appears well-supported.

Professional traders believe the bullish cycle is still in its early stages, with ample room for growth as Bitcoin integrates further into global financial systems.