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On Monday, December 23, BTC fell by 0.50%, down 2.26% on Sunday, closing at $94,831.
The recent trend of BTC prices will still depend on the flow of US BTC spot ETFs, SBR-related news, and Thursday's jobless claims data.
Better-than-expected US labor market data will support a more hawkish Fed rate path, affecting the flow of the BTC spot ETF market. The outflow of funds from the spot ETF market may affect BTC demand and could drag BTC to the support level of $90,742.
However, an unexpected increase in unemployment benefit claims may increase bets on a Fed rate cut in the first quarter of 2025. A more dovish Fed rate path and progress toward SBR could drive inflows of spot ETF funds and BTC towards 100,000 dollars.