$BTC
As of December 31, 2024, Bitcoin (BTC) is trading at approximately $95,597, reflecting a 4.31% increase from the previous close.
Analysts have noted that Bitcoin has recently surpassed the $100,000 mark, reaching a peak of $108,309 earlier in December. However, it has since experienced a pullback, aligning with broader market trends. Some experts suggest that, if historical patterns repeat, Bitcoin could achieve a new all-time high around mid-January 2025, potentially reaching between $146,000 and $212,500.
In the short term, technical analysis indicates a bearish trend, with key support levels at $92,232, $85,072, and $81,500. The expected trading range for today is between $88,000 support and $94,500 resistance.
It's important to note that the cryptocurrency market is highly volatile, and short-term price movements can be unpredictable. While some forecasts suggest potential price increases in the coming days, investors should exercise caution and consider their risk tolerance before making investment decisions.
For a more detailed technical analysis, you may find the following video helpful:
BTC/USD Price Forecast Today, Technical Analysis (December 31)