Bitcoin Price Prediction: Analyst Releases Bullish End Of Year Forecast Despite Failure At $100,000

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Bitcoin Price Prediction: Analyst Releases Bullish End Of Year Forecast Despite Failure At $100,000 - NewsBTC

Quick Summary:

According to technical analysis, the Bitcoin price is still open to climbing well above $100,000 by the end of December 2024. Record Bitcoin Liquidations Shake The Market Bitcoin’s broader market dynamics and investor sentiment suggest that Bitcoin’s failure at $100,000 could be a temporary pause rather than a long-term reversal.

Bold Year-End Price Prediction Interestingly, the altcoin market barely reacted to the Bitcoin price reaction, which also creates the possibility of another wave downwards before a broader market recovery. The analyst outlined a scenario for the Bitcoin price probably going on another decline and break below $90,000.

The forecast suggests Bitcoin could drop further to the $84,000–$85,000 range before rallying to $110,000. Adding to the bullish narrative is the upcoming Federal Open Market Committee (FOMC) meeting, which is scheduled to take place on December 18.