Bitcoin Price Prediction Today (12th Dec 2024)!

The post Bitcoin Price Prediction Today (12th Dec 2024)! appeared first on Coinpedia Fintech News With the U.S. CPI data meeting expectations, the crypto market has experienced a strong bullish recovery. This further led to the BTC price bouncing back above the $100,000 level. Considering the present market sentiments, will BTC price stay above the $100k mark? Or will the price witness a pullback toward its important support level of $98,000? BTC Price Stays Above the $100k Mark! The Bitcoin price has added over 3% to its valuation in 24 hours with a trading volume of $81.601 billion, a change of -17.32%. This has resulted in it reclaiming the $100,000 mark during the early Asian trading hours. TradingView: BTC/USDT The Relative Strength Index (RSI) displays a sharp rise toward the overbought range in the daily time frame. However, the average trendline acts as a resistance, highlighting mixed price action. Further, the Moving Average Convergence Divergence (MACD) shows a constant red histogram in the Bitcoin price chart. Moreover, the averages record a downward trend, suggesting a negative outlook. Will BTC Price Hit A New High Today? If the bullish price action sustains, the Bitcoin price will retest its ATH of $103,900.47. Maintaining the price above that level could set the stage for this cryptocurrency to achieve a new high. Contrarily, a bearish sentiment could pull the BTC price below the $100k mark. Further, if the bears gain power, it could test its low of $98,000 during the upcoming hours. Will BTC Price hit the $200,000 mark this crypto bull run? Read our Bitcoin Price Prediction . Also, subscribe to CoinPedia to stay updated about the latest happenings in the crypto-verse! FAQs Why Crypto market is up today? With the price of Bitcoin reclaiming the $100k mark, the cryptocurrency has added over $180 billion. How high is Bitcoin going today? Amid increased price volatility, the BTC price could achieve a new all-time high soon. Is BTC buy or sell? The fear & greed index is currently at 80 and is extremely greedy. This makes Bitcoin a potential buy.