In November 2024, Bitcoin experienced an historic month, reaching a peak of nearly $100,000 and marking its best-performing month in terms of dollar increase. This rally rewarded long-term holders who had seen months of consolidation after Bitcoin's previous all-time high. December is historically a strong month for Bitcoin, and with positive macroeconomic conditions, historical trends, and on-chain data aligning, investors are eager to see if Bitcoin's momentum can continue into 2025. Despite the strengthening U.S. Dollar Strength Index and a contraction in the Global M2 money supply, Bitcoin's performance has defied expectations, potentially indicating that liquidity conditions will act as a powerful tailwind for Bitcoin's price. Bitcoin's current trajectory is similar to past bull markets, and breaking above the $100,000 resistance could lead to explosive price movements. Institutional demand for Bitcoin remains strong, with institutions accumulating significant amounts of BTC and indicating confidence in Bitcoin as a long-term store of value. While December may see short-term volatility, the longer-term outlook for Bitcoin remains exceptionally bullish, with the potential for a much larger rally in 2025.



Other News from Today