The Christmas Bitcoin Range
As the year draws to a close, the question on many investors' minds is the potential Christmas trading range for Bitcoin (BTC-USD). The consensus among analysts suggests a generally supportive environment heading into the holidays, albeit one with significant room for volatility. Ryan Lee of Bitget anticipates that Bitcoin will undergo a period of consolidation before potentially targeting a range between $123,000 and $150,000, contingent on the Federal Reserve following through with additional rate cuts. Similarly, Enmanuel Cardozo of Brickken posits that the probabilities favor Bitcoin closing the year above the $120,000 mark rather than retreating to the low $100,000s; he further notes the possibility of a push toward $150,000 if ETF inflows accelerate. Meanwhile, Bitfinex analysts forecast a base case of $125,000 to $135,000 by year-end, with a more cautious downside scenario of $110,000 to $115,000 should macroeconomic conditions deteriorate or ETF flows falter.
