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Bitcoin Up 4.05%, Predicted to Hit
is trading at $ 102,113 after gaining 4.05% in the last 24 hours. The coin beat the cryptocurrency market, as the total crypto market cap climbed by 4.11% in the same time period. Our Bitcoin price forecast indicates that by January 11, 2025, the price of BTC will have risen to $108,525. In the next five days, this would amount to a 9.18% increase in the price of Bitcoin. Today Bitcoin is up 4.05% versus the US dollar.
Bitcoin is up 130.10% since a year ago and has increased by 2.78% in the past month. The Fear & Greed index currently reads Extreme Greed, while the sentiment in the Bitcoin markets is bullish. The key resistance levels are $98.988, $99,582, and $100,407, while the most crucial support levels to keep an eye on are $97,570, $96,745, and $96.152.
Bitcoin Sees Positive Gains
Bitcoin has been displaying a positive trend recently, as the coin gained 2.78% in the last 30 days. The medium-term trend for Bitcoin has been bullish, with BTC increasing by 63.00% in the last 3 months. Bitcoin prediction The long-term picture for Bitcoin has been positive, as BTC is currently displaying a 130.10% 1-year price change. On this day last year, BTC was trading at $ 44,378.
Bitcoin reached its all-time high price on Dec 17, 2024, when the price of BTC peaked at $ 108,239. The current BTC cycle high is $ 102,350, while the cycle low is $ 91,603. BTC has been displaying low volatility recently – the 1-month volatility of the coin is at 3.34. Bitcoin recorded 17 green days in the last 30 days. As of right now, Bitcoin is 5.91 percent lower than what we predicted on January 11, 2025.
Bitcoin Sentiment Bullish Extreme Greed
Three indicators are presently displaying a bearish forecast for Bitcoin, while 26 indications are currently indicating an optimistic prediction. 90% of the signs point to a favorable forecast. Bitcoin prediction As a result, there is a general sense of optimism toward Bitcoin. The Fear & Greed index is currently at 76 Extreme Greed indicating that investors are optimistic about the market.
An indicator of investor mood in cryptocurrencies is the Fear & Greed index. Although it can also mean that the market is overpriced, a “Greed” reading indicates that investors are currently upbeat about the cryptocurrency market. Conversely, a Fear reading indicates that investors are presently wary of the cryptocurrency market, which may indicate a time to buy.
Summary
The price of Bitcoin has risen 4.05% in the last day to $102,113, outpacing the 4.11% increase in the cryptocurrency market as a whole. Bitcoin prediction The price forecast indicates that by January 11, 2025, the price of Bitcoin will have increased by 9.18% to $108,525, after rising 2.78% in the last month and 130.10% in the last year. The market is bullish, with the Fear & Greed index reading. Extreme Greed. Key support levels are $97,570, $96,745, and $96,152, while resistance levels are $98,988, $99,582, and $100,407.
