CandleFocus What to Expect from Bitcoin (BTC) in December 2024: Analysts Weigh In
2024-11-29
Author: Content Editor
According to several prominent crypto analysts, Bitcoin is expected to have a bullish December and may reach the highly anticipated $100,000 price mark. Juan Pellicer, a Senior Researcher at IntoTheBlock, believes that institutional demand through Bitcoin ETF inflows will drive the price above $100,000. However, BTC ETFs have seen net outflows of $458 million this week, possibly due to a drop in BTC's price. Brian Quinlivan, Lead Analyst at Santiment, predicts that Bitcoin whales will continue to accumulate and drive growth. Julio Moreno, Head of Research at CryptoQuant, notes that there may be a short-term resistance at $105,000 based on historical price levels. The analysts' predictions rely on Bitcoin reclaiming its all-time high of $99,588 and flipping it into a support floor. If selling pressure increases, BTC's price may decline.
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