#BitcoinKeyZone Bitcoin's (BTC) price is currently consolidating near $96,000, with analysts predicting potential upward movement in December 2024. Key factors influencing BTC's next move include:

1. Institutional Demand and ETFs: Increased institutional interest, particularly through Bitcoin ETFs, is expected to drive prices higher. Some analysts project BTC could surpass the $100,000 mark, provided it reclaims $99,588 as a support level.

2. Resistance and Support Levels: Bitcoin faces resistance at $105,000. If it breaks through this level, further gains could follow. However, if selling pressure increases, prices may decline towards $88,986.

3. Market Sentiment and Whales' Activity: Large Bitcoin holders (whales) are continuing to accumulate, which supports bullish sentiment in the market. Historical patterns also suggest December often delivers positive returns for Bitcoin.

While the outlook leans bullish, the volatility of cryptocurrency markets makes precise predictions uncertain. Stay updated on market developments and trends for informed decisions.