Bitcoin ETF

Bitcoin

Story

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
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   <li>The BTC price records a neutral price action in 24 hours and stabilizes above the $96k level.</li>   
   <li>The technical indicators record a mixed price sentiment, indicating reduced price action.</li>   
   <li>Positively, BTC ETFs record three consecutive days of inflow.</li> 
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  <p>Despite increased bullish price sentiment in the altcoin market, the BTC price continues struggling around its $96,000 level. With this, the dominance of the largest crypto token by market cap has reduced to 54.38%, the lowest in 4 months.</p>   
  <p>In this article, we have covered the latest Bitcoin price analysis and mentioned the possible short-term price prospects.</p>   
  <h2 class="wp-block-heading" id="h-btc-price-displays-a-consolidated-price-action">BTC Price Displays A Consolidated Price Action</h2>   
  <p>The Bitcoin price has experienced a consolidated price action for about a week now, highlighting a decline in the buying-and-selling pressure. Moreover, with a trading value of $96,139.92, it has a market capitalization of $1.902 billion.</p>   
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   <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/03122835/Bitcoin-Price-Analysis-03rd-December-2024-1024x539.webp" alt="Bitcoin Price Displays A Consolidated Price Action" class="wp-image-388333">
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    TradingView: BTC/USDT
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  <p>The Simple Moving Average (SMA) acts as a support to the BTC price chart in the daily time frame, indicating a strong bullish influence for the star crypto in the market.</p>   
  <p>Further, the Relative Strength Index (RSI) continues hovering close to the overbought range. However, with its average trendline showing a descending trend, the BTC price hints at a mixed price action today.</p>   
  <h2 class="wp-block-heading" id="h-bitcoin-etf-update">Bitcoin ETF Update</h2>   
  <p>Over the past 24 hours, only 2 out of 11 BTC ETFs recorded a negative outflow. Reportedly, BlackRock’s “IBIT” has encountered the highest inflow of $338.3M, followed by Fidelity’s “FBTC” with $25.1M.</p>   
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   <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/03122844/Bitcoin-ETF-Flow-Chart-03rd-December-2024-1024x259.webp" alt="Bitcoin ETF Update 03rd December 2024" class="wp-image-388334">
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    Source: SoSoValue
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  <p>On the other hand, Bitwise, Valkyrie, and WTree recorded a neutral flow. Moreover, with a total outflow of $39 million, the net flow of Bitcoin ETF for 02nd December concluded at +353.6 million.</p>   
  <h2 class="wp-block-heading" id="h-will-btc-price-hit-100k-tomorrow">Will BTC Price Hit $100k Tomorrow?</h2>   
  <p>If the bulls regain momentum, the Bitcoin price will retest its resistance level of $97,000. Maintaining the price above that level could push the price of this crypto token toward its $98,000 level.</p>   
  <p>However, a bearish reversal could pull the price toward its support level of $95,000. Moreover, if a sell-off is witnessed, this could result in it retesting its lower psychological level of $92,000.</p>   
  <p>Curious to find out the long-term price prospects of the largest cryptocurrency by market capitalization? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction</a>. Also, subscribe to us to stay updated on the latest crypto news!</p>   
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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   <div class="schema-faq-section" id="faq-question-1733208949950">
    <strong class="schema-faq-question"><strong>What is the highest price of Bitcoin in history?</strong></strong> 
    <p class="schema-faq-answer">The all-time high of the BTC crypto is $99,655.50 which was recorded on 22nd November 2024.</p> 
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   <div class="schema-faq-section" id="faq-question-1733208950863">
    <strong class="schema-faq-question"><strong>How much is BTC worth?</strong></strong> 
    <p class="schema-faq-answer">With a 24-hour change of 0.11%, the star crypto is currently exchanging hands at $96,139.92.</p> 
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   <div class="schema-faq-section" id="faq-question-1733208952015">
    <strong class="schema-faq-question"><strong>Will Bitcoin rise again?</strong></strong> 
    <p class="schema-faq-answer">If the bullish sentiment sustains, the BTC price could surpass the $600,000 mark by 2030.</p> 
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Bitcoin (BTC) Price Prediction (Dec 03rd 2024)

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