Bitcoin (BTC) has seen little movement over the past few months. After a strong start to 2024, it has largely leveled off, trading between $56,000 and $62,000 since July. This stability contrasts sharply with the first half of the year, when the cryptocurrency jumped by 45%, largely fueled by U.S. spot ETFs.

Market watchers are now eager to see what might trigger a shift in Bitcoin’s performance. Most are paying close attention to key developments anticipated between December and early next year. Broader economic factors, such as changes in U.S. interest rates, are also seen as important. Traders are…

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