Bitcoin/US Dollar traded at $101,388 on Thursday, December 12th, reflecting a modest increase of $17, or 0.02%, from the previous trading session.
Bitcoin retraces but remains above $100,000
Over the past four weeks, Bitcoin has seen a notable gain of 12.01%, showing strong momentum. Looking at a longer timeframe, the cryptocurrency's price has surged by an impressive 135.85% over the last 12 months, highlighting its robust growth despite market volatility. Looking ahead, analysts and Trading Economics global macro models project that Bitcoin's price will settle at $100,416 by the end of this quarter.
What lies ahead for BTC
Over the next year, however, the forecasted price is expected to decrease to $94,398, reflecting potential market fluctuations and macroeconomic factors that could influence Bitcoin's performance in the coming months.
