The price of Bitcoin (BTC) is currently trading around 94,865 USD, down about 2.37% compared to the previous day.
Recently, Bitcoin has experienced significant volatility. On November 11, 2024, BTC surpassed the 80,000 USD mark and continued to rise sharply, driven by market optimism following Donald Trump's victory in the U.S. presidential election. However, by November 26, 2024, many investors took profits as Bitcoin approached the 100,000 USD mark, leading to selling pressure and price correction.
According to technical analysis, the NVT Golden Cross index is currently at -3.25, indicating that Bitcoin still has growth potential. Some experts predict that BTC could reach the 100,000 USD mark before the end of this year. However, there are also opinions that Bitcoin could drop to 77,800 USD if strong selling pressure occurs.
Overall, the Bitcoin market is in a volatile phase with both opportunities and risks. Investors should closely monitor technical indicators and market news to make appropriate decisions.