The post Bitcoin Price Prediction Today (12th Dec 2024)! appeared first on Coinpedia Fintech News
With the U.S. CPI data meeting expectations, the crypto market has experienced a strong bullish recovery. This further led to the BTC price bouncing back above the $100,000 level.
Considering the present market sentiments, will BTC price stay above the $100k mark? Or will the price witness a pullback toward its important support level of $98,000?
BTC Price Stays Above the $100k Mark!
The Bitcoin price has added over 3% to its valuation in 24 hours with a trading volume of $81.601 billion, a change of -17.32%. This has resulted in it reclaiming the $100,000 mark during the early Asian trading hours.
TradingView: BTC/USDT
The Relative Strength Index (RSI) displays a sharp rise toward the overbought range in the daily time frame. However, the average trendline acts as a resistance, highlighting mixed price action.
Further, the Moving Average Convergence Divergence (MACD) shows a
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