Bitcoin is facing a crucial test with only 12 days left in the quarter. If prices continue to fall, it would be the first time in this halving cycle that Bitcoin hasn't closed all three months (October, November, December) with gains.
> We could even see a rare occurrence: a red December and a negative monthly close during a halving period. This is unprecedented.
> After a strong bullish run with consistent price increases, a large red candle appeared on the weekly chart, signaling a potential shift in momentum. This has understandably created some fear among Bitcoin holders – are we witnessing the end of this bull run?
> With the year-end approaching and many people taking vacations, trading volume might decrease. This could lead to increased price volatility and potentially push Bitcoin down to the low 80,000s.
> However, it's important to remember that the long-term outlook for Bitcoin remains positive. I expect to see Bitcoin regain momentum in the first few weeks of 2025, potentially reaching 120,000.
> What are your thoughts? Let me know if you'd like more market insights."