Bitcoin Price Trends and Market Sentiment Overview

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• Bitcoin is down -3.81% today against the US Dollar
• BTC/ETH increased by 4.01% today
• Bitcoin is currently trading 8.69% below our prediction on Dec 14, 2024
• Bitcoin gained 27.03% in the last month and is up 121.57% since 1 year ago

After a -3.81% loss in the last day, trading is now at $97,125. Since the entire market cap of all cryptocurrencies fell by -1.39% during that time, the coin’s performance was worse than the market average. By December 14, 2024, we anticipate that Bitcoin Price Trends will have risen to $106 365. Over the next five days, this would result in a 9.17% gain in the price of Bitcoin.

The bullish trend in Bitcoin’s price over the past 30 days is evident, as the coin gained 27.03%. Over the past three months, the price of Bitcoin Price Trends has increased by 68.76%, indicating a bullish trend in the medium term. With BTC currently showing a 12-month price change of 121.57%, the long-term outlook for Bitcoin looks good. Bitcoin was worth $43,835 on the same day a year ago.

The price of one bitcoin peaked at $103,804 on December 5, 2024, marking its all-time high. The highest point in the Bitcoin cycle is $101,956, while the lowest is $91,502. Bitcoin’s 1-month volatility stands at 5.31, indicating that the coin has been showing low volatility as of late. In the last 30 days, Bitcoin had 17 days of green.

Bitcoin market sentiment is bullish right now, with an Extreme Greed reading on the Fear & Greed index. Key resistance levels are $102,005, $102,796 and $104,376; the most crucial support levels are $99,634, $98,054, and $97,263.

Currently, 27 signs point to a positive Bitcoin prediction, while 4 points to a negative one. Given that, 87% of the signs point to a positive forecast. The net effect is a general upbeat outlook on Bitcoin. At its current level of 78 (Extreme Greed), the Fear & Greed index indicates that investors are optimistic about the market. One way to gauge how bitcoin investors feel is by looking at the Fear & Greed index.

Bitcoin Market Sentiment Analyzing Greed

While a “Greed” reading could mean that investors are bullish on the cryptocurrency market right now, it could also mean that prices are too high. Conversely, if the reading is “Fear,” it means that investors are wary of the cryptocurrency market right now, which could be a good warning that prices are set to drop.

Let’s examine the signals from a few of the most significant technical indicators. In this article, we will examine important moving averages and oscillators that will shed light on Bitcoin’s current market position.

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