The post Monthly Chart Reveals BTC’s Bull Market Target appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) price today trades at $97,158.0 on 12 PM. BTC price hit a daily high of $97,492.0 today after a 1.97% move on November 29. Why Bitcoin Price Today Is Rising? As mentioned, Bitcoin price today is up 1.97% after BTC crashed 8.88% and currently auctions around $97,158.0. Despite the recent drop, BTC shows signs of recovery and trades around $97,158.0. Many were seen preemptively celebrating Bitcoin hitting $100,000 on Friday, but the recent crash has revealed that BTC has other plans. Regardless, one thing is clear – investors are eager to see Bitcoin cross the historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off. From the looks of it, Bitcoin price looks ready to recover and is showing signs of forming a local bottom. *bitcoin price updated as of 12 PM. Value of BTC trades at $97,158.0, bringing the year-to-date gain from 56% on October 20 to 120% as of November 29. The YTD performance has slumped due to the recent BTC crash. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 45%, and is well below BTC. Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009. BTC Price to Finish 2024 on Bullish Note Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end November 2024 on a positive note. Many even expect a six-digit target for BTC by the end of November, and this is due to…

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Filed under: News - @ November 29, 2024 1:20 pm