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.
