Bitcoin Price Prediction Today (13th Dec 2024)!

The Bitcoin ETF has continued its inflows for the eleventh day in a row. This has resulted within the value of the biggest cryptocurrency, Bitcoin, sustaining its worth round $100,000. This additional hints at the potential for the BTC token reaching one other ATH this yr.

Let’s discover the macro insights of the biggest cryptocurrency by market cap with CoinPedia’s Bitcoin Worth Evaluation!

BTC Worth Stabilizes Across the $100,000 Stage!

Regardless of a ~1% decline in 24 hours with a buying and selling quantity of $68.260 billion, Bitcoin’s value continues to hover across the $100,000 milestone. Nevertheless, the dominance of this crypto token has now decreased to 54.98%.

Since November, the Easy Transferring Common (SMA) has repeatedly supported the Bitcoin value chart, highlighting long-term bullish value sentiment for the biggest cryptocurrency available on the market.

The Relative Energy Index (RSI) has recorded elevated value volatility, with the typical trendline recording a gradual downward pattern. This implies combined value motion for the BTC value this week.

Bitcoin ETF replace

Up to now 24 hours, BlackRock’s “IBIT” recorded the very best inflows of $431.6 million, adopted by Grayscale’s “BTC” with $110.8 million. Whereas 4 of the eleven BTC ETFs recorded impartial flows throughout this era, solely Grayscale’s “GBTC” misplaced $48.4 million.

This introduced the whole Bitcoin ETF movement for December 12 to +$597.5 million. Moreover, the biggest cryptocurrency ETF has maintained constructive flows for the eleventh day in a row for the primary time in months.

Will BTC Worth Attain $110,000 After This?

Sustaining the worth above the $100,000 mark might pave the best way for Bitcoin’s retest of the $102,000 mark. Moreover, if bullish sentiment intensifies, BTC value might transfer in the direction of its ATH.

Conversely, a bearish value motion might pull the worth in the direction of the USD 98,000 stage. Furthermore, if the bulls fail to regain their momentum at that time, it might pull the BTC value in the direction of the $95,000 vary.

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