Bitcoin ($BTC) has seen notable price fluctuations recently. In November 2024, Bitcoin ($BTC) reached an all-time high of $103,804, driven by strong institutional demand and optimism following the U.S. presidential election. This marked a significant increase from its earlier levels of around $67,000, representing a 50% rally in a single month【8】【9】.

Currently, Bitcoin ($BTC) is trading near the $100,000 mark. Analysts predict a potential consolidation phase, with possible dips to $92,000 due to profit-taking. However, bullish momentum remains, with a high for December projected at $105,000. Long-term prospects for Bitcoin ($BTC) are strong, supported by growing institutional adoption and supply constraints【9】【10】.

Investors are closely watching key levels, as Bitcoin ($BTC) is expected to benefit from macroeconomic trends, such as interest rate cuts and expanding cryptocurrency use cases【8】【10】.