Bitcoin (BTC) Price Prediction (Dec 04th 2024)

The post Bitcoin (BTC) Price Prediction (Dec 04th 2024) appeared first on Coinpedia Fintech News Story Highlights The BTC price records a neutral price action for the third consecutive day. Bitcoin ETF breaks its inflow streak and loses $17.3 million in 24 hours. Technical indicators record mixed price sentiment. Despite increased price volatility, Bitcoin has displayed neutral price action this week. This indicates a high possibility of a cool-off phase for the largest crypto token in the market. Will Bitcoin’s (BTC) price regain momentum this week and achieve its prolonged price target of $100k? Or are investors switching toward the altcoin market? Let’s find out with the daily price analysis of the Bitcoin (BTC) token. Bitcoin (BTC) Price Analysis The BTC price has added 0.68% to its valuation in 24 hours with a trading volume of $69.097 billion. Moreover, it has surged 4.07% over the last seven days and 39.54% during the past 30 days. TradingView: BTC/USDT The Moving Average Convergence Divergence (MACD) shows a constant red histogram in the daily time frame. Moreover, with its averages recording a constant decline, the largest cryptocurrency hints at a neutral price action. On the other hand, the SMA indicator continues to support the BTC price chart. This suggests a mixed price trend for the token in the market. Will BTC Price Rise Back Up? If the crypto bulls regain power, the BTC price will retest the $97,000 level. Moreover, if the bulls maintain their bullish sentiment, the price of this crypto token could head toward its $98k level. On the contrary, if the bears regain momentum, BTC could retest its $95,000 level. Further, if bears outrun bulls, this could result in it retesting its lower psychological level of $92k. To find out the long-term price prospects of the largest cryptocurrency by market capitalization? Read CoinPedia’s Bitcoin Price Prediction . Also, subscribe to us to stay updated on the latest crypto news! FAQs Will BTC rise again? If the bullish sentiment sustains, the largest cryptocurrency may achieve the $100k mark this year. How much is Bitcoin worth? At the time of writing, the value of 1 BTC token was $95,846.66. Is BTC a buy or sell? Considering the current greed index of 79, the Bitcoin price is extremely bullish today.