Too many market participants turned aggressively bullish around the $78K level on Bitcoin.
We witnessed a similar sentiment shift back in January 2026 — and it was followed by a roughly 37% correction.
At this stage, the market structure doesn’t resemble a true bottom. During 2022, there was clear fear, strong capitulation, and significantly less noise. Currently, every minor bounce is being labeled as “the bottom,” which is usually a sign that the real bottom has not yet formed.
This doesn’t rule out the possibility of short-term upside, but the broader target and overall outlook remain unchanged. #bitcoin #Binance #predictons
BTC appears to have found a bottom here. Even if it hasn’t, the likelihood of Bitcoin dropping below $100,000 is minimal, with strong bids in the $100,000 to $123,000 range providing solid support. This area could act as a key level for the next move upward.
Coinbase Europe has delisted USDT and other stablecoins to comply with the EU’s new MiCA regulations. The move targets stablecoins not meeting MiCA standards.#usdt
Today's main event will be the CPI release at 2:30 CET which will reveal the month-to-month and year-to-year change in the price consumers pay for a specific group of goods and services. The data release is primarily relevant as it influences the decision of the FED regarding interest rates, or at least influences speculations by investors regarding this decision that will be announced in the next FOMC meeting on December 18th. There is currently a strong consensus of 86% that a 25bps rate cut will be announced next week. The more speculations towards more rate cuts, the better for speculative assets.
Therefore, we want to see a CPI print that supports this consensus, which would be CPI below the expectations of 2.7% or at least in line with expectations. Although CPI above expectations would not be ideal, I think the markets have somewhat priced it in already, as we have seen a retrace in stock markets and the crypto market over the last days, which is why I believe that it would not lead to a significant drop in the markets, unless numbers are missed by far. Nevertheless, the latter still remains the least favourite outcome as it could increase uncertainty, at least in the short-term. Good numbers should lead to a broade relief in the market given all the de-risking that happened in the last two days.
To predict the price of Bitcoin at the end of December 2024, we can analyze the provided data regarding its expected performance over that month.
Starting Price: The prediction indicates that Bitcoin will begin December 2024 at a price of approximately $97,015.
Price Range: During this month, it is anticipated that Bitcoin will experience a high of around $115,770 and a low of about $92,070. This range suggests significant volatility, which is typical for cryptocurrency markets.
Average Price: The average price for Bitcoin throughout December 2024 is projected to be around $101,382. This figure provides insight into the general market sentiment and trading activity expected during this period.
End-of-Month Forecast: By the end of December 2024, the forecast predicts that Bitcoin’s price will settle at approximately $100,671. This represents a slight decrease from its starting price but reflects an overall stabilization compared to the higher volatility experienced earlier in the month.
In summary, based on these predictions and analyses:
The expected price of Bitcoin at the end of December 2024 is $100,670.