📈 Analyst's View: Boosted by the Christmas Rally, Bitcoin Aims for the $120,000 Mark by the End of the Month!

According to foreign media reports, influenced by the upcoming Christmas rally, traders expect Bitcoin's target price to reach $120,000. They believe that after Bitcoin breaks through $106,000, the next target price is around $120,000.

The traders' predictions are based on the increased transparency of U.S. regulations regarding cryptocurrency and the continued positive performance of the Bitcoin spot ETF market. Additionally, historically, December has typically been a good month for Bitcoin.

Meanwhile, investor sentiment is currently very high, partly due to Trump stating in a recent interview that he might designate Bitcoin as a strategic reserve asset for the U.S. on his first day in office.

Moreover, the market generally anticipates that the Federal Reserve will continue to implement interest rate cuts on Wednesday. According to CME FedWatch, the probability of a 25 basis point cut currently stands at 95.4%, while the probability of maintaining the current rate has dropped to 4.6%, showing a significant difference compared to the previous month's probabilities of 61.9% and 38.1%. In summary, driven by these numerous positive news, Bitcoin's performance in the next two weeks is highly anticipated.

Analysts also pointed out that if Bitcoin's price rises to $125,000, it may experience a 30% correction, as historically, major bull markets have seen corrections of 20-30%, and this current bull market has not yet seen such a situation. This could be a sign of a super cycle, and as Bitcoin's market capitalization increases, volatility may gradually decrease, leading to a reduction in past 30% corrections to 15-20%.

If Bitcoin experiences a 30% correction after rising to $125,000, the price may fall back to around $87,000. However, if Bitcoin corrects by 30% after rising to $110,000, it could drop to $77,000-$78,000, which would just fill the previous futures gap. As for whether this futures gap will be filled now, wait until the next bear market, or never be filled, this is also a question that market participants need to pay attention to.

What are your thoughts on Bitcoin's price trend moving forward? How do you think the Christmas rally will impact Bitcoin?