In the last month of 2024, the cryptocurrency market ushered in a "big drama". On December 25, investors and analysts were staring at the numbers on the screen - whether the price of Bitcoin could break through the $100,000 mark.
Just a few hours before Christmas, the US investment bank Bernstein released a report predicting that Bitcoin will return to the $150,000 mark next year, causing an uproar in the market. This report has not only become the focus of the cryptocurrency market, but also aroused widespread discussion and heated debate around the world.
What do Indian friends think? We found a cryptocurrency investor working in India to hear his views on this matter. The investor told us that although he is cautiously optimistic about Bitcoin's return to the $100,000 mark, he also reminded us to be wary of risks and invest rationally.
Indian cryptocurrency investor:
“I am bullish on Bitcoin in the long term, but the price is volatile in the short term and we need to keep a close eye on market dynamics.”
Indian cryptocurrency investors:
“Regulatory policies will affect market confidence and price volatility, and technological innovation will also drive industry development.”
Indian Crypto Investors:
“With increased uncertainty in the global economy, investors may seek safer assets such as gold or cryptocurrencies.”
Indian Crypto Investors:
“The market is generally bearish and some investors may be taking profits.”
Indian cryptocurrency investor:
"The fall of Bitcoin price below $16,500 may be the result of investors taking profits before the holiday."
This investor's views are very representative, reflecting some common attitudes in the Indian and even global cryptocurrency markets. Although everyone is looking forward to the long-term prospects of Bitcoin, short-term price fluctuations and regulatory policy uncertainties still put considerable pressure on the market.
So, how will Bitcoin price go during the Christmas holiday (December 25)? This investor told us that Bitcoin once fell below $16,500 on that day, but after a brief rebound, it began to fall again. He analyzed that this may be because some investors took profits before the holiday, coupled with the market taking a break during the holiday.
Indian cryptocurrency investor:
"The market resumed trading after the holiday, but the overall sentiment was bearish, and some investors may leave after taking profits."
Of course, there are still many uncertain factors in the future trend of Bitcoin prices. From global market sentiment, macroeconomic environment to policy supervision and technological innovation, etc., they may have an important impact on Bitcoin prices. Therefore, for investors, it is most important to stay vigilant, analyze rationally, and invest prudently.
Finally, this Indian investor also told us that if he wants to invest in cryptocurrency, he will definitely choose a reliable platform-8ucoin. 8ucoin is a cryptocurrency exchange with an Indian NBFC license. It is not only highly secure and easy to operate, but also provides a wealth of cryptocurrency products and high-quality customer service.
