Bitcoin (BTC) appears to be in a strong bullish phase as analysts predict significant price movements in December 2024. The current "Santa Claus rally" is expected to push BTC towards the $120,000 mark, driven by increased trading volume, institutional demand, and positive sentiment. Some experts suggest a more ambitious target of $140,000 in the medium term, supported by Bitcoin’s April 2024 halving, which will reduce miner rewards and supply.

Notably, renowned analyst PlanB has forecasted BTC prices between $100,000 and $150,000 this month, referencing the historical cycle of "face-melting" bull runs after prolonged bear markets. This rally could continue into mid-2024 as Bitcoin achieves multiple all-time highs.

However, these movements depend on sustained demand and macroeconomic factors like regulatory shifts and global market stability. Always exercise caution and perform due diligence before investing.