Bitcoin

Convergence

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Trillion

Divergence

<p>The crypto market has added 1.13% in 24 hours and is currently valued at $3.46 Trillion with a trading volume of $293.39 billion. Following this, the price of Bitcoin has experienced a similar price action by reclaiming the $97k mark during the early Asian trading hours.</p>  
<p>Considering the present crypto market situation, will the BTC price stay above $100k this week? In this article, we have covered the possible short-term Bitcoin price analysis.</p>  
<h2 class="wp-block-heading" id="h-btc-price-analysis">BTC Price Analysis</h2>  
<p>Bitcoin has reclaimed the $97,000 mark with a 24-hour trading volume of $100.528 billion. Notably, the largest cryptocurrency by market cap has displayed a neutral price action over the last week, highlighting a cool-off phase for it.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/11104732/Bitcoin-Price-Analysis-11th-December-2024-1024x543.webp" alt="Bitcoin Price Analysis 11th December 2024" class="wp-image-391608">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
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</figure>  
<p>The Simple Moving Average (SMA) shows a bearish convergence in the daily time frame. This displays an increase in the selling-over-buying pressure for the Bitcoin token in the market.</p>  
<p>The Moving Average Convergence Divergence (MACD) records a constant red histogram, with its averages showing a steady decline in the BTC price chart. This suggests a negative outlook for the largest token by market capitalization.</p>  
<h2 class="wp-block-heading" id="h-what-is-btc-price-target-today">What Is BTC Price Target Today?</h2>  
<p>If the BTC token regains momentum, it may reclaim its $98,000 mark. If the bulls gain traction, this could push the price of Bitcoin toward the $100,000 mark.</p>  
<p>However, a bearish action could pull the price toward $95,000. Furthermore, if the bears dominate the crypto space, the price of Bitcoin could plunge toward its low of $92,000 today.</p>  
<p>Are you wondering if the BTC price will reach $200,00 this crypto bull run? Read our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Prediction</a>. Also, subscribe to stay updated on the latest crypto-related news first!</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-1733894114263"><strong class="schema-faq-question"><strong>How much is $100 worth of Bitcoin right now?</strong></strong>
  <p class="schema-faq-answer">Considering today's trading value, you can buy 0.000125 BTC for $100.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1733894115039"><strong class="schema-faq-question"><strong>Will BTC price reclaim the $100k mark?</strong></strong>
  <p class="schema-faq-answer">For the Bitcoin price to reclaim this price target, it will require a jump of ~3% in its present valuation.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1733894115563"><strong class="schema-faq-question"><strong>What price will Bitcoin reach in 2030?</strong></strong>
  <p class="schema-faq-answer">With bullish sentiment and an optimistic outlook, a single BTC token could surpass the $600,000 mark by 2030. Moreover, an increased adoption could push the price beyond the $1 million mark.</p>
 </div>
</div>

Bitcoin Price Prediction For 11th December 2024!

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