bullish

Bitcoin

Pepe

Good Morning

<p>The Bitcoin price prediction shows that BTC reached a milestone high of $104,000, signaling long-term bullish potential.</p>
<h2 id="bitcoin-prediction-statistics-data">Bitcoin Prediction Statistics Data:</h2>
<ul>
 <li>Bitcoin price now – $102,486</li>
 <li>Bitcoin market cap – $1.99 trillion</li>
 <li>Bitcoin circulating supply – 19.79 million</li>
 <li>Bitcoin total supply – 19.79 million</li>
 <li>Bitcoin Coinmarketcap ranking – #1</li>
</ul>
<p>Getting into crypto early can lead to extraordinary gains, and Bitcoin (BTC) is the ultimate example. <a href="https://insidebitcoins.com/news/bitcoin-price-analysis-as-us-government-transfers-1-9b-of-btc-to-coinbase-this-crypto-wallet-ico-closes-on-2-million" rel="noopener noreferrer nofollow">On December 5, 2024, BTC hit an all-time high of $103,900.47, showcasing its incredible growth over the years</a>. Remarkably, back in July 2010, BTC was valued at just $0.04865, representing an astonishing +206,459,882.17% increase over 14 years. This means a mere $10 investment at its lowest point would now be worth over $20 million. BTC’s journey highlights the transformative power of early entry into crypto projects, proving that identifying potential at the right time can be life-changing.</p>
<h2 id="btc-usd-long-term-trend-bullish-daily-chart">BTC/USD Long-term Trend: Bullish (Daily Chart)</h2>
<p>Key levels:</p>
<p>Resistance Levels: $115,000, $117,000, $119,000</p>
<p>Support Levels: $88,000, $86,000, $84,000</p>
<figure id="attachment_607406" aria-describedby="caption-attachment-607406" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-607406 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_1D_02122024.png" alt="Bitcoin Price Prediction for Today, December 5 – BTC Technical Analysis" width="1431" height="738" srcset="https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_1D_02122024.png 1431w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_1D_02122024-300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_1D_02122024-1024x528.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_1D_02122024-768x396.png 768w" sizes="(max-width: 1431px) 100vw, 1431px">
 <figcaption id="caption-attachment-607406" class="wp-caption-text">
  BTCUSD – Daily Chart
 </figcaption>
</figure>
<p>Bitcoin’s recent surge to $103,629.86 represents a major breakout above the critical $98,000 resistance, reaching an all-time high of $104,000. The BTC/USD pair shows strong bullish momentum, with the price currently at $102,486.82, well above the 9-day and 21-day moving averages at $97,207.91 and $95,155.35, respectively. These moving averages are diverging upward, indicating sustained buying pressure and reinforcing the bullish trend on the daily chart.</p>
<h2 id="bitcoin-price-prediction-bitcoin-btc-prepares-for-more-upsides">Bitcoin Price Prediction: Bitcoin (BTC) Prepares for More Upsides</h2>
<p>Looking at the daily chart, the Bitcoin price is trading comfortably towards the upper boundary of the channel as the price establishes a new bullish signal. However, one could say that the long-term outlook favors the bulls, giving the daily close produced a bullish candle with eyes now set on the daily resistances at $115,000, $117,000, and $119,000 respectively.</p>
<p><iframe title="$100K FOR ONE BITCOIN!🚨 | BITCOIN PRICE PREDICTION &amp; NEWS 2024!" width="640" height="360" src="https://www.youtube.com/embed/WSC7COH-Ylg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>In other words, any bearish movement from the current level could lead to critical supports below the 9-day and 21-day moving averages. Meanwhile, BTC could drop and touch the low of $97,000 support, once this comes to focus, the king coin can hit the support levels at $88,000, $86,000, and $84,000. In the broader context, Bitcoin’s long-term outlook remains positive, with pathways toward $110,000 and $120,000 intact. However, the immediate market dynamics indicate the likelihood of a short-term correction.</p>
<h2 id="btc-usd-medium-term-trend-bullish-4h-chart">BTC/USD Medium-term Trend: Bullish (4H Chart)</h2>
<p>On the 4-hour chart, Bitcoin (BTC) is trading at $102,614.69, positioned above the 9-day and 21-day moving averages. The recent price action marks a significant move, as BTC surged above the upper boundary of the channel with a strong bullish cross. This upward momentum is further reinforced by the 9-day MA maintaining its position above the 21-day MA, signaling continued bullish sentiment.</p>
<figure id="attachment_607405" aria-describedby="caption-attachment-607405" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-607405 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_4H_02122024.png" alt="Bitcoin Price Prediction for Today, December 5 – BTC Technical Analysis" width="1431" height="738" srcset="https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_4H_02122024.png 1431w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_4H_02122024-300x155.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_4H_02122024-1024x528.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/12/BTCUSD_4H_02122024-768x396.png 768w" sizes="(max-width: 1431px) 100vw, 1431px">
 <figcaption id="caption-attachment-607405" class="wp-caption-text">
  Bitcoin (BTC)
 </figcaption>
</figure>
<p>However, a potential downward move could occur if the bulls fail to sustain the upward push, potentially driving the price below the 9-day moving average toward support at $98,000 or lower. On the upside, if the bulls encounter resistance near $105,000 and manage to break through, BTC/USD could extend its rally above the channel boundary, targeting higher resistance levels at $108,000 and beyond.</p>
<p>@AbsGMCrypto shared an exciting analysis with followers on X (formerly Twitter), highlighting how $BTC has reached a historic milestone, surpassing $100,000 for the first time in human history. This moment marks a pivotal achievement for Bitcoin, cementing its status as a revolutionary financial asset in the global market.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">BREAKING: 🇺🇸 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> PASSES $100,000 FOR THE FIRST TIME IN HUMAN HISTORY! <a href="https://t.co/H3cVN9InRA" rel="noopener noreferrer nofollow">pic.twitter.com/H3cVN9InRA</a></p>
 <p>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1864520258905649223?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="bitcoin-alternatives">Bitcoin Alternatives</h2>
<p>Bitcoin is currently trading within an ascending channel, with support at $97,952 and resistance around $115,000. A breakout above $110,000 could signal further gains, while a failure to sustain momentum might result in a pullback toward $98,000. Moderate trading volume indicates healthy market participation, bolstering the uptrend. Meanwhile, Pepe Unchained, a rapidly emerging crypto project, has garnered attention for its high-growth potential, with anticipated returns of 10x to 100x. Having raised over $73 million in its presale, it is poised for major exchange listings on platforms like Binance, Coinbase, and Robinhood.</p>
<p><strong>PEPE UNCHAINED PRESALE IS COMING TO AN END</strong></p>
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<p>Pepe Unchained is rapidly solidifying its place as a game-changing project in the blockchain ecosystem. Backed by comprehensive token audits from trusted sources like Coinsult and Solidproof, the project’s credibility is unmatched, giving investors confidence in its potential. <a href="https://www.youtube.com/watch?v=jZCVSXWcC6U" rel="noopener noreferrer nofollow">As the launch date approaches, the opportunity to be an early investor in a project with this level of innovation and community support is rare</a>. Whether you’re a seasoned investor or new to crypto, this is your chance to get in before the massive momentum propels it further. Don’t miss out — join now and secure your stake in what could be the next big thing.</p>
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<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/bitcoin-price-prediction-btc-breaks-100k-after-trump-nominates-paul-atkins-as-new-sec-chair-but-experts-say-consider-this-pepe-derivative-for-100x-gains" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: BTC Breaks $100K After Trump Nominates Paul Atkins As New SEC Chair</a></li>
 <li><a href="https://insidebitcoins.com/news/why-pepe-unchaineds-73m-presale-makes-it-the-token-to-buy-before-launch" rel="noopener noreferrer nofollow">Why Pepe Unchained’s $73M Presale Makes It the Token to Buy Before Launch</a></li>
</ul>

Bitcoin Price Prediction for Today, December 5 – BTC Technical Analysis

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