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coinpedia 2024-12-11 05:18:31

Bitcoin Price Prediction For 11th December 2024!

Bitcoin Price Prediction For 11th December 2024!

The post Bitcoin Price Prediction For 11th December 2024! appeared first on Coinpedia Fintech News The crypto market has added 1.13% in 24 hours and is currently valued at $3.46 Trillion with a trading volume of $293.39 billion. Following this, the price of Bitcoin has experienced a similar price action by reclaiming the $97k mark during the early Asian trading hours. Considering the present crypto market situation, will the BTC price stay above $100k this week? In this article, we have covered the possible short-term Bitcoin price analysis. BTC Price Analysis Bitcoin has reclaimed the $97,000 mark with a 24-hour trading volume of $100.528 billion. Notably, the largest cryptocurrency by market cap has displayed a neutral price action over the last week, highlighting a cool-off phase for it. TradingView: BTC/USDT The Simple Moving Average (SMA) shows a bearish convergence in the daily time frame. This displays an increase in the selling-over-buying pressure for the Bitcoin token in the market. The Moving Average Convergence Divergence (MACD) records a constant red histogram, with its averages showing a steady decline in the BTC price chart. This suggests a negative outlook for the largest token by market capitalization. What Is BTC Price Target Today? If the BTC token regains momentum, it may reclaim its $98,000 mark. If the bulls gain traction, this could push the price of Bitcoin toward the $100,000 mark. However, a bearish action could pull the price toward $95,000. Furthermore, if the bears dominate the crypto space, the price of Bitcoin could plunge toward its low of $92,000 today. Are you wondering if the BTC price will reach $200,00 this crypto bull run? Read our Bitcoin Price Prediction . Also, subscribe to stay updated on the latest crypto-related news first! FAQs How much is $100 worth of Bitcoin right now? Considering today’s trading value, you can buy 0.000125 BTC for $100. Will BTC price reclaim the $100k mark? For the Bitcoin price to reclaim this price target, it will require a jump of ~3% in its present valuation. What price will Bitcoin reach in 2030? With bullish sentiment and an optimistic outlook, a single BTC token could surpass the $600,000 mark by 2030. Moreover, an increased adoption could push the price beyond the $1 million mark.

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