#XmasCryptoMiracles As of December 26, 2024, Bitcoin (BTC) is trading at approximately $98,188, reflecting a slight increase of 0.07% from the previous close.

In recent weeks, Bitcoin has demonstrated significant volatility, surpassing the $100,000 mark and reaching a peak of $108,309 on December 17, before experiencing a decline below $93,000.

Analysts observe that Bitcoin's price movements often follow cyclical patterns, with historical data suggesting potential new all-time highs by mid-January 2025. These cycles typically encompass stages of breakout, hype, correction, and accumulation, influenced by events such as Bitcoin's halving, which reduces supply. Projections for this cycle estimate peaks ranging between $146,000 and $212,500.

Institutional interest continues to play a pivotal role in Bitcoin's market dynamics. The approval of multiple Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) in January 2024 has facilitated increased investment from both institutional and retail sectors. Notably, firms like Brevan Howard and Galaxy Digital have reported substantial gains, with their crypto-focused hedge funds outperforming broader industry averages.