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<p>Currently, Bitcoin, along with major cryptocurrencies, is undergoing a significant price correction following notable upside momentum in recent days. Amid this development, OKG Research has made a bold prediction for Bitcoin (BTC), providing full validation for their analysis.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-to-attract-2-28-million-nbsp"><strong>Bitcoin to Attract $2.28 Million&nbsp;</strong></h2>   
<p>In a recent <a href="https://t.co/zabJM69XqB" target="_blank" rel="noreferrer noopener nofollow">report</a>, the research firm noted that, as of now, only 0.01% of listed companies worldwide hold BTC. Additionally, they stated that considering recent Bitcoin adoption trends, the Bitcoin market is likely to attract a significant $2.28 trillion in the next few years.</p>   
<p>The research firm predicted that this significant inflow into Bitcoin could drive the BTC price to approximately the $200,000 mark, a target also predicted by <a href="https://coinpedia.org/news/bernstein-analysts-foresee-crypto-friendly-sec-and-senate-banking-committee-to-speed-up-regulatory-clarity/">Bernstein</a>, BCA Research, and Standard Chartered Bank.</p>   
<h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3>   
<p>Despite these predictions, Bitcoin has retraced nearly 8% from its all-time high (ATH). However, the price is currently showing upward momentum. At press time, BTC is trading near $94,400 and has registered a price surge of 2.5% in the past 24 hours. Meanwhile, its trading volume dropped by 24%, indicating lower participation from investors and traders amid ongoing price correction.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-bitcoin-technical-analysis-and-upcoming-level"><strong>Bitcoin Technical Analysis and Upcoming Level</strong></h2>   
<p>According to CoinPedia’s technical analysis, Bitcoin has recently found support at a confluence zone and is now moving upward. This confluence occurred as BTC received support from an inclined trendline and a horizontal support level near $92,000.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/11/27204457/BTCUSDT_2024-11-27_20-44-48.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/27204457/BTCUSDT_2024-11-27_20-44-48-1024x449.png" alt="" class="wp-image-386224"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<p>Based on recent price action, BTC appears bullish in the short term, with a strong possibility of the price soaring to the $96,500 level in the coming days. Conversely, if BTC fails to hold this confluence area, it could decline to the $84,500 level.</p>   
<p>On the positive side, BTC is currently trading above the 200 Exponential Moving Average (EMA) on both the four-hour and daily time frames, signaling an uptrend.</p>   
<p>Meanwhile, the Relative Strength Index (RSI) on the four-hour time frame suggests potential upside momentum in the coming hours or days. At press time, BTC’s RSI stands at 48, indicating an oversold zone, which typically precedes upward momentum.</p>

Bitcoin Eyes $200K with $2.28 Trillion Inflow: Report

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