Convergence

bullish

Bitcoin

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
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   <li>The Bitcoin price retests the $101,000 mark during the early Asian trading hours.</li>  
   <li>Technical indicators record a mixed-price sentiment, highlighting uncertainty.</li>  
   <li>However, chances of a positive reversal are high due to increased bullish action.</li> 
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  <p>The cryptocurrency market started the 2nd week of December on a bearish note. This has resulted in the Bitcoin token recording a similar price action by plunging below the $100k mark.</p>  
  <p>Are you among many wondering if will Bitcoin price achieve a new ATH again this year? Or How high will the BTC price go? Read CoinPedia’s Bitcoin (BTC) price analysis to explore the possibilities!</p>  
  <h2 class="wp-block-heading" id="h-bitcoin-btc-price-action">Bitcoin (BTC) Price Action</h2>  
  <p>The BTC price has lost ~1% in 24 hours, with a trading volume of $53.59 billion. Moreover, over the past week, it has experienced a variation of less than 3%. This highlights a cool-off phase for this cryptocurrency token in the market.</p>  
  <figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/09111817/Bitcoin-Price-Analysis-09th-December-2024-1024x541.webp" alt="Bitcoin (BTC) Price Analysis 09th December 2024" class="wp-image-390785">
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    TradingView: BTC/USDT
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  <p>The Relative Strength Index (RSI) hovers around its overbought range in the daily time frame. However, its average trendline records a bearish convergence, suggesting a mixed price action in the crypto market.</p>  
  <p>The Moving Average Convergence Divergence (MACD) shows a constant red histogram, with its averages showing a steady downtrend in the Bitcoin price chart. This indicates a significant reduction in the buying pressure for the largest crypto token.</p>  
  <h2 class="wp-block-heading" id="h-will-btc-price-hit-a-new-ath-this-week">Will BTC Price Hit A New ATH This Week?</h2>  
  <p>Suppose a bullish reversal occurs, in this case, the Bitcoin price will reclaim the $100k mark and head toward its $102,000 level. Maintaining the price at that level could set the stage for it to retest its all-time high.</p>  
  <p>On the contrary, if the bears outrun the bulls, the BTC price will retest its support level of $98,000 during the upcoming hours.</p>  
  <p>Wondering what’s next for the largest cryptocurrency by market cap during this crypto bull run? Read <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price prediction</a> to uncover the possible mysteries until 2030.</p>  
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
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   <div class="schema-faq-section" id="faq-question-1733723186662"><strong class="schema-faq-question"><strong>When did Bitcoin reach its highest price in USD?</strong></strong>
    <p class="schema-faq-answer">The ATH of the BTC crypto token is $103,900.47, recorded on 05th December 2024.</p>
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   <div class="schema-faq-section" id="faq-question-1733723187946"><strong class="schema-faq-question"><strong>What is BTC’s price prediction for today?</strong></strong>
    <p class="schema-faq-answer">Considering the present market sentiments, the Bitcoin price may range between $98,500 and 102,000 today.</p>
   </div>
   <div class="schema-faq-section" id="faq-question-1733723188515"><strong class="schema-faq-question"><strong>Is it too late to buy Bitcoin?</strong></strong>
    <p class="schema-faq-answer">With increased adoption and rising bullish sentiment, the Bitcoin ($BTC) token may surge 6x this decade.</p>
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Bitcoin (BTC) Price Prediction (Dec 09th 2024)

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