Bitcoin continues to show growth, attracting investors' attention. Despite this, experts warn of possible market corrections.
Bitcoin Growth: Analysts' Predictions
Material Indicators co-founder Keith Alan noted that historically, Bitcoin makes significant 'MACRO moves' around December 17. The Federal Reserve rate cut is expected to further boost Bitcoin's prices, although the expert prefers to wait for more clarity. ZK Square CIO CK Zheng stated that Bitcoin may have entered 'Santa Claus mode,' with investors eager to allocate capital, fearing to miss out on the rally. He expects Bitcoin to reach $125,000 in early 2025 but anticipates a 30% correction afterward.
Markets and Indexes: Current Situation
The S&P 500 Index is holding its position near 6,100, a positive sign as bulls have not ceded much ground to bears. The US dollar Index attempts to rise toward the resistance of 108, where bears are expected to pose a substantial challenge.
Price Analysis of Major Cryptocurrencies
Bitcoin remains in a strong uptrend. Other cryptocurrencies, such as Ethereum and XRP, also show growth but face resistance from bears. Experts continue to monitor price fluctuations and warn of possible corrections.
The cryptocurrency markets remain volatile despite Bitcoin's ongoing rise. Experts continue to analyze the situation and prepare for potential changes in trends.
