Bitcoin Price Prediction Today (12th Dec 2024)!

With US CPI information assembly expectations, the crypto market has skilled a robust bullish restoration. This additional led to the BTC value bouncing again above the $100,000 stage.

Given present market sentiment, will the BTC value stay above the $100,000 mark? Or will the worth witness a pullback in direction of the vital USD 98,000 assist stage?

BTC Worth Stays Above the $100,000 Mark!

Bitcoin value added over 3% to its appreciation in 24 hours with a buying and selling quantity of $81.601 billion, a change of -17.32%. This has helped it regain the $100,000 mark throughout early buying and selling hours in Asia.

The Relative Power Index (RSI) is displaying a pointy enhance in direction of the overbought vary within the day by day timeframe. Nonetheless, the typical trendline acts as resistance and highlights the combined value motion.

Moreover, the Transferring Common Convergence Divergence (MACD) reveals a continuing crimson histogram on the Bitcoin value chart. Furthermore, the averages present a downward development, indicating a damaging outlook.

Will the BTC value attain a brand new excessive immediately?

If the bullish value motion continues, Bitcoin value will retest its ATH of $103,900.47. Sustaining the worth above that stage might set the stage for this cryptocurrency to succeed in a brand new excessive.

Quite the opposite, a bearish sentiment might push the BTC value beneath $100,000. If the bears achieve energy, it might check the low of $98,000 within the coming hours.

Will BTC Worth Hit the $200,000 Mark Throughout This Crypto Bull Run? Learn our Bitcoin value prediction. Additionally, subscribe to CoinPedia to remain updated with the newest happenings within the crypto verse!

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