As of now, Bitcoin (BTC) is trading near $97,340, slightly below its recent all-time high of $99,575 recorded on November 22, 2024. The market sentiment is largely bullish, with the Fear & Greed Index reading at "Extreme Greed," indicating high investor optimism. Analysts predict BTC could cross $104,518 in the short term, supported by positive market momentum.
Price Prediction and Trends:
1. Short-term (End of 2024): BTC is expected to range between $96,000 and $104,000 with key resistance levels at $99,000, $100,000, and $101,757.
2. Medium-term (2025-2026): By 2025, Bitcoin could range between $135,000 to $163,000, with increasing institutional adoption. Predictions for 2026 suggest potential highs near $158,000.
3. Long-term (2030 and beyond): Optimistic models suggest Bitcoin may exceed $1,000,000 over the next decade due to growing global adoption and finite supply.
Technical Indicators:
Most moving averages, including 50-day and 200-day trends, signal a buy.
Bitcoin's RSI indicates overbought conditions, suggesting caution for short-term traders.
While forecasts are promising, cryptocurrency markets remain highly volatile. Make investment decisions carefully, considering both market analysis and personal risk tolerance.
