Bitcoin is currently in a volatile phase, with mixed forecasts for its path in December 2024. The price is trading near $96,000 with the possibility of reaching the psychological barrier of $100,000 if it succeeds in clearing the current resistance at $99,500. In case this level is surpassed and turned into support, gains may continue towards higher levels, such as $105,000, which is considered a strong historical resistance.
However, if the selling pressure continues, the coin could retreat towards $94,000, with the possibility of continued volatility due to technical indicators currently indicating weak positive momentum.
Long-term forecasts suggest Bitcoin could reach new record highs in 2024, driven by institutional adoption and growing demand, but the market will remain subject to extreme volatility.
If you are considering investing, it is advisable to manage risk and diversify your portfolio to ensure your investments are protected from market fluctuations.