As of early December 2024, Bitcoin (BTC) is trading near $96,900 after a strong November rally, with analysts predicting further growth. Historical trends suggest that December could see gains of 30-46%, potentially pushing BTC to $115,000-$141,000 by the end of the month. This bullish outlook is supported by decreasing exchange reserves and significant institutional inflows via Bitcoin ETFs, which have removed large amounts of BTC from circulation.
However, some analysts remain cautious due to broader economic uncertainties, regulatory challenges, and the possibility of short-term volatility. The current price range is between $90,900 and $99,400, with $99,449 as a key resistance level. A break above this could signal continued upward momentum.
If you're trading BTC on Binance, keeping an eye on market trends, resistance levels, and institutional activity will be crucial for making informed decisions.