The Crypto Report for 12/21/2024

**Market Influences and Expert Insights**
The recent surge in Bitcoin's trading volume coincides with investor reactions to a wave of factors, including inflation data suggesting a smaller-than-expected rise in consumer prices at **2.4%** for November, which has broadly rekindled interest across risk assets. Analysts, however, express caution, highlighting the potential for continued volatility through the holiday season into early **2025**.

Financial experts are keeping a close eye on Bitcoin's trading patterns-strategic resistance levels are found between **$97,500** and **$99,800**, just under crucial psychological barriers that could tempt further selling pressure if not broken. Analyst **Ali Martinez** noted that overcoming these resistances is essential for any real recovery towards prior all-time highs, while **Crypto Patel** anticipates that if the current support level around **$96,000** holds, a rally back towards the $103,000 mark could follow.

**Political Dimensions and Future Potential**
The anticipated political landscape may also play a role in Bitcoin's trajectory. The impending inauguration of President-elect **Donald Trump** on January 20, 2025, and his proposals for a potential national Bitcoin strategic reserve may influence market approaches to cryptocurrency. Trump aims to leverage the U.S. government's significant Bitcoin holdings accumulated through seizures as a means to bolster the nation's position as a leader in the digital asset space.