bullish

Bitcoin ETF

Bitcoin

<p>The Bitcoin ETF has continued its inflow streak for the 11th consecutive day. This has resulted in the largest cryptocurrency, Bitcoin price, maintaining its value around the $100,000 mark. This further hints at the possibility of the BTC token achieving another ATH this year.</p>   
<p>Let’s explore the macro insights of the largest cryptocurrency by market capitalization with CoinPedia’s Bitcoin Price Analysis!</p>   
<h2 class="wp-block-heading" id="h-btc-price-stabilizes-around-the-100-000-level">BTC Price Stabilizes Around The $100,000 Level!</h2>   
<p>Despite recording a drop of ~1% in 24 hours with a trading volume of $68.260 billion, the price of Bitcoin has continued hovering around its milestone price of $100,000. However, the dominance of this crypto token has now decreased to 54.98%.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/13114758/Bitcoin-Price-Analysis-13th-December-2024-1024x541.webp" alt="Bitcoin Price Stabilizes Around The $100,000 Level!" class="wp-image-392583">
 <figcaption class="wp-element-caption">
  TradingView: BTC/USDT
 </figcaption>
</figure>   
<p>Since November, the Simple Moving Average (SMA) has constantly supported the Bitcoin price chart, highlighting a long-term bullish price sentiment for the largest cryptocurrency in the market.</p>   
<p>The Relative Strength Index (RSI) has recorded increased price volatility, with its average trendline recording a constant downtrend. This suggests a mixed price action for the BTC price this week.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-etf-update">Bitcoin ETF Update</h2>   
<p>Over the past 24 hours, BlackRock’s “IBIT” recorded the highest inflow of $431.6 million, followed by Grayscale’s “BTC” with $110.8 million. While four out of eleven BTC ETFs recorded a neutral flow during this period, only Grayscale’s “GBTC” lost $48.4 million.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/13114816/Bitcoin-ETF-Flow-Chart-13th-December-2024-1024x244.webp" alt="" class="wp-image-392585">
 <figcaption class="wp-element-caption">
  Source: SoSoValue
 </figcaption>
</figure>   
<p>With this, the total Bitcoin ETF flow for 12th December was +$597.5 million. Moreover, the largest cryptocurrency ETF has maintained in positive flow for the 11th consecutive day for the first time in months.</p>   
<h2 class="wp-block-heading" id="h-will-btc-price-hit-110-000-next">Will BTC Price Hit $110,000 Next?</h2>   
<p>Maintaining its value above the $100k mark could set the stage for Bitcoin's retest of its $102,000 mark. Furthermore, if the bullish sentiment intensifies, the BTC price could head toward its ATH.</p>   
<p>Conversely, a bearish price action could pull the price toward the $98,000 level. Moreover, if the bulls fail to regain momentum at that point, this could pull the BTC price toward its $95,000 range.</p>   
<p>To find out answers to questions like Will BTC Price reach $1 Million? 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 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-1734070475464">
  <strong class="schema-faq-question"><strong>When BTC hit $1 dollar?</strong></strong> 
  <p class="schema-faq-answer">The Bitcoin price broke the $1 mark for the first time in February 2011.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734070476805">
  <strong class="schema-faq-question"><strong>How much will Bitcoin be worth in 2030?</strong></strong> 
  <p class="schema-faq-answer">With the increased adoption of cryptocurrencies in the world financial structure, the BTC price could range between $600,000 to one million by 2030.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734070477455">
  <strong class="schema-faq-question"><strong>What is the highest price of Bitcoin ever recorded?</strong></strong> 
  <p class="schema-faq-answer">The all-time high of BTC price is $103,900.47 and was recorded on 05th December 2024.</p> 
 </div> 
</div>

Bitcoin Price Prediction Today (13th Dec 2024)!

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