bullish

Bitcoin

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Trillion

<p>The crypto market has dropped 5.62% in 24 hours and is currently valued at $3.44 Trillion with a trading volume of $349.745 billion. Following this, the price of Bitcoin has experienced a similar price action by retesting its support level of $94,000.</p>   
<p>With the current market sentiments, is this a crucial time to hold Bitcoin tokens? In this article, we have covered the possible short-lived price prospects of the Bitcoin (BTC) crypto token.</p>   
<h2 class="wp-block-heading" id="h-btc-price-records-increased-selling-pressure">BTC Price Records Increased Selling Pressure!</h2>   
<p>The Bitcoin price continues to lose value by recording a red candle for the second consecutive day. This highlights an increase in the selling pressure for it in the crypto market. This further indicates a switch in investor's interest in the altcoin market.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/10115335/Bitcoin-Price-Analysis-10th-December-2024-1024x539.webp" alt="Bitcoin Price Records Increased Selling Pressure!" class="wp-image-391218">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
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</figure>   
<p>The Relative Strength Index (RSI) has experienced a strong bearish reversal around its overbought range in the daily time frame. This has resulted in it recording a sharp decline in the BTC price chart with its average trendline displaying a bearish convergence.</p>   
<p>However, the EMA 50/200-day records a constant uptrend in the price chart. This highlights a mixed price sentiment for the largest cryptocurrency by market cap.</p>   
<h2 class="wp-block-heading" id="h-what-is-bitcoin-price-prediction-today">What Is Bitcoin Price Prediction Today?</h2>   
<p>Suppose a bullish reversal occurs, in that case, the BTC token will reclaim its $98,000 mark. If the bullish sentiment sustains at that point, this could push the price of Bitcoin toward the $100,000 mark.</p>   
<p>On the contrary, if the bearish momentum intensifies, this could pull the Bitcoin price toward $95,000. Moreover, if the bears outrun the bulls, it could plunge toward its low of $94,000 today.</p>   
<p>To determine if the BTC price will achieve a new ATH in this crypto bull run? 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 stay updated on the latest cryptocurrency news!</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733811632757">
  <strong class="schema-faq-question"><strong>Why Bitcoin is going down today?</strong></strong> 
  <p class="schema-faq-answer">The prime reason for the recent market correction is speculated to be increased profit-booking among the investors.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733811633526">
  <strong class="schema-faq-question"><strong>How many people own 1 Bitcoin?</strong></strong> 
  <p class="schema-faq-answer">As per the data collected in November 2024, more than 1 Million wallets are holding 1 or more Bitcoins.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733811634246">
  <strong class="schema-faq-question"><strong>How much Bitcoin will be worth in 2025?</strong></strong> 
  <p class="schema-faq-answer">With increased adoption, the BTC price could reach a maximum of ~$170,000 in 2025.</p> 
 </div> 
</div>

Bitcoin Price Prediction Today: BTC Price To Hit $94k?

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