A period of consolidation and institutional involvement after recent fluctuations is to be expected as Bitcoin will stabilise in a consolidation phase. This period allows the market to find new support and resistance levels. Institutional engagement, driven by corporations and asset managers, will likely continue to influence Bitcoin's price positively upon the recent decision to approve spot ETFs.

Regulatory impact and market sentiment could lead to increased volatility, as investors react to news from regulatory bodies. Positive sentiment from influential endorsements or macroeconomic developments may boost prices, while negative news could lead to declines.

While predicting Bitcoin's exact price is tricky, understanding current trends can help investors navigate the market. From consolidation and institutional involvement to regulatory impacts and technological advancements, various factors will shape Bitcoin's journey in the next three months. Stay informed and agile to make the most of this dynamic market.

The chart below shows the current Bitcoin price action from November 2023.