The post Bitcoin Price Prediction as BTC Price Breaks $96,500 – What’s Next? appeared on BitcoinEthereumNews.com.

Bitcoin is stealing the spotlight once again as its price edges closer to the $100,000 mark. After a brief correction earlier this week, the world’s most popular cryptocurrency is back on track, extending its recovery and exciting investors everywhere. The big question now for Bitcoin Price Prediction is: what’s driving this surge, and can Bitcoin maintain its momentum to hit the historic $100K milestone? Let’s explore the key factors behind this rally and what could be next for BTC. How has the Bitcoin Price Moved Recently? BTC/USD Daily Chart- Tradingview  Bitcoin is currently priced at $96,585, with a 24-hour trading volume of $96.04 billion, a market capitalization of $1.91 trillion, and a market dominance of 55.78%. Over the past 24 hours, its price has seen a modest increase of 0.30%. BTC price achieved its all-time high of $99,575 on November 22, 2024, while its all-time low of just $0.05 was recorded on July 17, 2010. Since reaching its ATH, the lowest price Bitcoin has dropped to is $90,808, marking the cycle low. The highest point Bitcoin has climbed since that low is $98,659, representing the cycle high. Market sentiment for Bitcoin remains bullish, and the Fear & Greed Index indicates Extreme Greed with a score of 84. Currently, there are 19.78 million BTC in circulation, out of a maximum supply of 21 million BTC. The annual supply inflation rate stands at 1.16%, with 227,740 BTC mined over the past year. Why is Bitcoin (BTC) Price UP? Bitcoin’s recent price surge is grabbing everyone’s attention, and it’s easy to see why. The market rallied early Friday, showing strong signs of recovery even amidst the usual noise and fluctuations. Right now, $90,000 is acting like a solid safety net, pulling in buyers whenever the price dips.  It’s almost like investors are seeing…

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Filed under: News - @ November 30, 2024 5:26 am