Bitcoin (BTC) is currently experiencing considerable volatility, with traders anticipating a continuation of this trend and a potential shift towards altcoins. December has been particularly challenging for Bitcoin, which has seen a 2% decline over the past month, undermining expectations for a seasonally bullish period. The impending expiry of nearly $20 billion in Bitcoin and Ethereum options may add to market dynamism. Analysts from QCP Capital suggest that if Bitcoin struggles to surpass $100,000, a drop to around $90,000 could provide a re-entry point for traders. There is speculation that Bitcoin may briefly dip into the $70,000 range, but a rollback to $90,000 appears more likely, tempting investors to stop any sell-off. The overall market sentiment remains cautious following profit-taking and the U.S. Federal Reserve's indication of fewer rate cuts.

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