Bitcoin is facing pressure in December, dropping to mid-$80,000s from highs above $125,000 in October. Traders are reassessing positions, ETF flows, and macro pressure. An AI model predicts a 7.13% decline to an average price of $79,000 by December. Long-term forecasts suggest Bitcoin could hit $864,564.53 by 2030.

The market for Bitcoin is fragile, with MACD showing downside momentum and RSI indicating oversold conditions. BTC’s drop is linked to macro stress, not a crypto-specific event, with ETF flows cooling. Support is in the low- to mid-$80,000s, potential retest towards $80,000. Strategists are lowering price targets amid confidence in long-term prospects.

Wall Street is divided on Bitcoin’s outlook, with bears focusing on outflows and bulls seeing consolidation. The forecast aligns with a market struggling to stabilize, driven by macro factors. Recovery to $100,000 hinges on ETF flows and broader market sentiment. Downside risk remains high, requiring a broader market turnaround.

Bitcoin is forecasted to see a 7.13% decline to $79,000 by the end of December. The market faces volatility and pressure from macro trends, needing a significant shift in ETF flows and overall sentiment for a recovery. Long-term projections suggest potential for significant growth by 2030.

Read more at Yahoo Finance: ChatGPT Thinks Bitcoin Will Close At This Level By The End of 2025