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For December 14, 2024, the Bitcoin forecast suggests stable performance with moderate fluctuations. The average price is expected to be approximately $100,934.59, with a maximum of $101,202.27 and a minimum of $100,666.91. This indicates relatively low volatility in the short term.
Key market drivers include reduced Bitcoin supply following the April 2024 halving and increased institutional demand due to the anticipated approval of spot Bitcoin ETFs in the U.S. This could boost investor confidence and drive accumulation of BTC.
Trader's Tip: Focus on current support and resistance levels, considering that the market might remain stable in the short term. In the long term, gradual growth is expected due to supply limitations and increased interest from institutional investors.
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