Bitcoin ETF

Bitcoin

Divergence

<p>The cryptocurrency market has added 1.49% to its valuation in 24 hours with a trading volume of $168.88 billion, a change of -15.21%. With this, the crypto space is currently valued at $3.65 Trillion. Following this, the Bitcoin price reclaimed the $101,000 mark.</p>   
<p>With CoinPedia’s daily Bitcoin price analysis, let’s understand the market sentiment and possible price targets of the BTC token for this weekend.</p>   
<h2 class="wp-block-heading" id="h-btc-price-records-increased-bullish-action">BTC Price Records Increased Bullish Action!</h2>   
<p>The price of Bitcoin has added 1.78% to its valuation in 24 hours with a trading volume of $57.854 billion. Moreover, it has surged 2.53% over the last seven days and 13.18% during the past 30 days.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/12/14120430/Bitcoin-Price-Analysis-14th-December-2024-1024x540.webp" alt="Bitcoin Price Records Increased Bullish Action!" class="wp-image-393022">
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  TradingView: BTC/USDT
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<p>Since mid-October, the Simple Moving Average (SMA) indicator has constantly supported the Bitcoin price chart in the 1D time frame. This suggests an increase in the buying-over-selling pressure for it in the crypto market.</p>   
<p>The Moving Average Convergence Divergence (MACD) shows a steady decline in the daily time frame. With its averages experiencing a constant decrease, the star crypto hints at a mixed price action.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-etf-weekly-update">Bitcoin ETF Weekly Update</h2>   
<p>On 13th December, BlackRock’s “IBIT” led the charge with an inflow of $393 million, followed by Fidelity’s “FBTC” with $60 million. Among other gainers were Bitwise, VanEck, and ARK Invest.</p>   
<p>On the other hand, Invesco, Franklin, and Valkyrie recorded a neutral flow, whereas Grayscale’s “GBTC” lost $105.8 million. Evaluating the data, the net flow for the day concluded at +$428.9 million.</p>   
<p>With this, the BTC ETF recorded a consecutive inflow for the 12th consecutive day. Notably, the latest crypto ETF has experienced 2 straight weeks of inflow for the first time in months.</p>   
<h2 class="wp-block-heading" id="h-will-btc-reach-105-000-this-weekend">Will BTC Reach $105,000 This Weekend?</h2>   
<p>If the bullish sentiment sustains, the Bitcoin price will retest its all-time high of $103,900.47. Maintaining the price above that level could push the price toward its upper high of $105,000.</p>   
<p>On the contrary, if the profit-booking increases the BTC price could retest its support level of $100,000. Furthermore, if the bearish sentiment intensifies, it could plunge toward its low of $98,000.</p>   
<p>Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction</a> to uncover the long-term mysteries of the largest cryptocurrency by market capitalization. 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-1734157963732">
  <strong class="schema-faq-question"><strong>Is Bitcoin still a good investment?</strong></strong> 
  <p class="schema-faq-answer">The crypto highly anticipates this cryptocurrency to cross the $1 Million by 2040, making it a good long-term investment.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734157964903">
  <strong class="schema-faq-question"><strong>How much is 1 BTC right now?</strong></strong> 
  <p class="schema-faq-answer">With an intraday surge of 1.78%, the Bitcoin token is currently valued at $101,795.78.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1734157965442">
  <strong class="schema-faq-question"><strong>Will Bitcoin be worth anything in 2030?</strong></strong> 
  <p class="schema-faq-answer">If the bullish sentiment intensifies and the adoption fastracks, the BTC price could surpass the $600,000 mark.</p> 
 </div> 
</div>

Bitcoin Price Prediction Today (14th Dec 2024)!

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