Bitcoin Traders Expect a “Bullish December” with Prices Surpassing $120,000

New All-Time High and Optimistic Outlook
- On December 16, 2024, Bitcoin hit a new record high, surpassing $106,000.
- Traders are now targeting the $120,000 level, with some predicting that Bitcoin could exceed $125,000 by the end of 2025.
Key Drivers Behind the Price Surge
- Increased ETF Inflows: Optimism about U.S. policies has driven significant capital inflows into Bitcoin spot ETFs, boosting its price.
- Institutional Adoption: Wealthy investors and institutions are gradually allocating 1-3% of their portfolios to Bitcoin and other cryptocurrencies, creating consistent demand.
- Policy Support: Speculation about pro-crypto appointments under President Trump, continuous U.S. rate cuts, and China’s economic stimulus measures are fueling bullish sentiment.
Technical Factors and Market Trends
- Bitcoin is forming higher lows in its price action, indicating a sustained upward trend.
- The formation of a bullish flag—a continuation pattern—could signal further upside momentum.
“Santa Claus Rally” and Seasonality
- Historically, December has been a bullish month for Bitcoin, often referred to as the “Santa Claus Rally.”
- Over the past eight years, Bitcoin prices have risen in December six times, with gains ranging from 8% to 46%.
Future Market Outlook
- Continued inflows from traditional financial markets are expected to further support Bitcoin’s growth.
- As the idea of crypto allocation becomes more mainstream among institutional investors, significant capital could flow into the market.
- With policy tailwinds, such as pro-crypto measures from the Trump administration and economic recovery efforts in China, Bitcoin’s bullish trajectory appears well-supported.

Professional traders believe the bullish cycle is still in its early stages, with ample room for growth as Bitcoin integrates further into global financial systems.