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Recently, the financial world has engaged in heated discussions about the future trends of Bitcoin. Some analysts predict that, driven by increased ETF (exchange-traded fund) inflows, the price of Bitcoin could rise to $135,000 in December this year. More optimistic forecasts suggest that in a bull run, the price of Bitcoin may even aim for the high of $199,000.
It is worth noting that over 40% of the current Bitcoin price volatility is directly related to ETF demand, highlighting the important role of ETFs in the Bitcoin market. The launch of ETFs has facilitated institutional investors' participation in the Bitcoin market, which is expected to bring in more capital inflow.
However, there are differing voices in the market. Some believe that the recent Bitcoin price has reached a high of around $123,000, which may be the peak of the year's行情. This view reminds investors to be cautious of possible pullbacks in the short term.
Regardless, the price trend of Bitcoin still has many uncertainties. Investors need to consider market factors comprehensively when making decisions, including but not limited to the macroeconomic environment, changes in regulatory policies, technological advancements, etc. At the same time, it is crucial to fully recognize the high-risk characteristics of the cryptocurrency market, invest cautiously, and manage risks effectively.