According to CoinRepublic, a top analyst predicts Bitcoin price could reach $100,000 in December as US investors regain confidence amid rising institutional interest. BTC price currently holds above the $90,500 support level, with bulls defending this key threshold. On-chain data suggests a shift in sentiment from US traders, who previously drove a major sell-off from $100k to $80k. Analysts also highlight the potential impact of a Fed rate cut in December, which could boost Bitcoin's price. Coinbase's Bitcoin Premium Index has turned positive, indicating renewed bullishness among US traders. Analyst Ted forecasts a potential surge to $102k or $107k if BTC breaks above $93,000, but warns of a possible dip to $88,000 if it falls below $90k.
Bitcoin Price Could Hit $100K in December as US Investors Regain Confidence
The Coin RepublicShare
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