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 for the third consecutive day.</li>  
   <li>Bitcoin ETF breaks its inflow streak and loses $17.3 million in 24 hours.</li>  
   <li>Technical indicators record mixed price sentiment.</li> 
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  <p>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.</p>  
  <p>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.</p>  
  <h2 class="wp-block-heading" id="h-bitcoin-btc-price-analysis">Bitcoin (BTC) Price Analysis</h2>  
  <p>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.</p>  
  <figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/04111135/Bitcoin-Price-Analysis-04th-December-2024-1024x541.webp" alt="Bitcoin (BTC) Price Analysis 04th December 2024" class="wp-image-388943">
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    TradingView: BTC/USDT
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  <p>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.</p>  
  <p>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.</p>  
  <h2 class="wp-block-heading" id="h-will-btc-price-rise-back-up">Will BTC Price Rise Back Up?</h2>  
  <p>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.</p>  
  <p>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.</p>  
  <p>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="noopener noreferrer nofollow">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-1733290740468"><strong class="schema-faq-question"><strong>Will BTC rise again?</strong></strong>
    <p class="schema-faq-answer">If the bullish sentiment sustains, the largest cryptocurrency may achieve the $100k mark this year.</p>
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   <div class="schema-faq-section" id="faq-question-1733290741992"><strong class="schema-faq-question"><strong>How much is Bitcoin worth?</strong></strong>
    <p class="schema-faq-answer">At the time of writing, the value of 1 BTC token was $95,846.66.</p>
   </div>
   <div class="schema-faq-section" id="faq-question-1733290743271"><strong class="schema-faq-question"><strong>Is BTC a buy or sell?</strong></strong>
    <p class="schema-faq-answer">Considering the current greed index of 79, the Bitcoin price is extremely bullish today.</p>
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Bitcoin (BTC) Price Prediction (Dec 04th 2024)

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