TechFlow reported on December 3 that, according to Cointelegraph, cryptocurrency analyst Michaël van de Poppe noted the so-called "Trump trade" may have temporarily ended, and Bitcoin needs to break above the key resistance level of $98,000 to initiate a new upward rally.
On the technical side, analyst DonAlt predicted that once the $98,000 resistance is surpassed, Bitcoin could directly target $110,000. However, he also warned that if prices fall below the $90,000 support level, a further decline to $80,000 might occur. According to the Global Macro Investor Total Liquidity Index (GMI Total Liquidity Index), Bitcoin could reach $110,000 by January 2025.
Fundamentally, Sina G., co-founder of 21st Capital, analyzed that Bitcoin's failure to突破 $100,000 in November was primarily due to significant profit-taking by short-term holders (STH), but this selling pressure has now notably weakened. The market anticipates $2 trillion in new investments in 2025, with approximately 10% potentially flowing into the Bitcoin market. Additionally, Federal Reserve liquidity policies are expected to push global money supply up to $127 trillion, which could provide further support for Bitcoin's price.
