Bitcoin Today's Price: Will BTC Crash Before $150,000?
Click the avatar live to watch the livestream and receive the bull market password.
Revealing why Bitcoin's price trend shows bullish prospects, and whether BTC will crash this weekend before reaching $150,000?
Bitcoin's price rose 1.16% on December 14, reaching a daily high of $102,658.0 today, with a trading price of $101,350.0 at noon today.
Today's Bitcoin Price: Why is BTC Rising?
Despite the recent plunge, Bitcoin's price rose 1.16% today, with a trading price of $101,350.0. As mentioned in a previous CoinGape article, Bitcoin rebounded from the support level of $99,690, indicating that the bulls are in control. Is this rebound bullish, or could it be a manipulation due to low trading volume and liquidity before the weekend?
*Bitcoin price updated as of noon.
BTC's trading price is $101,350.0, with an increase from 56% on October 20 to about 132% on December 14 for the year-to-date. Due to the recent crash of BTC, the year-to-date performance has declined. Although many altcoins have soared to triple digits, Bitcoin is catching up. Ethereum's performance year-to-date has been lackluster, with an increase of about 70%, far below BTC.
Although Bitcoin is the largest cryptocurrency by market capitalization, its popularity is due to its first-mover advantage and its secure, decentralized network. Additionally, since its inception in 2009, Bitcoin has remained at the forefront of the crypto market due to advantages such as digital gold, inflation hedge, and an uncorrelated asset.
Bitcoin is Expected to End 2024 on a Bullish Note
Industry veterans are correct in speculating about a bull market after the US elections, and Bitcoin is likely to end 2024 on a positive note. Many even expect BTC's six-figure target to persist into 2025 without crashing. This bullish sentiment can be attributed to historical returns, which indicate that Bitcoin has consistently performed well in the fourth quarter and first quarter.
Click the avatar live to watch the livestream and receive the bull market password.
