After touching $99,000 on Christmas day, BTC has dropped to 96k again as we head to the new year. While BTC has grown by more than 120% in 2024, it is worth noting that BTC had pumped 25% and 15% in the last week of 2020 and the first week of 2021 before topping off in April and then in November that year. Given Bitcoin’s four-year cyclic behavior, analysts predict a similar move this year as well.
Meanwhile, Ethereum seems to have taken support near the crucial $3,300 mark and is poised for another leg up, with institutional interest favoring the only other crypto ETF that is traded in the US apart from BTC.
