Bitcoin's latest price trend Today's price_BTC USD price trend today in December 24

In December 2024, the price of Bitcoin continued to decline, falling 2.5% from the previous day and currently trading between $15,000 and $15,500. Bitcoin has slid about 10% in the past 30 days on macro factors such as the Federal Reserve raising interest rates and inflation concerns. Despite recent signs of cooling inflation, market sentiment remains "fearful" and investors remain cautious. With Bitcoin approaching all-time lows, some analysts see this as a buying opportunity, but technical analysis suggests Bitcoin could continue to fall if the key technical level of $15,000 is consistently breached.

Bitcoin’s latest price trend: December 2024

Today’s price (BTC/USD) : 15,234.63 USD

Today’s price action:

• Bitcoin price is down 2.5% in the past 24 hours.
• Currently trading between $15,000 and $15,500.
• Bitcoin has shown a negative correlation relative to the U.S. stock market, which is currently in a downward trend.

Recent price action:

• Bitcoin price has dropped approximately 10% in the past 30 days.
• This decline is mainly due to macroeconomic factors such as the Federal Reserve’s interest rate hikes and inflation concerns.
• However, as inflation shows signs of cooling, Bitcoin price may start to recover.

Market Sentiment:

• The current sentiment in the Bitcoin market is "Fear" according to the Fear and Greed Index.
• This shows that investors are currently cautious about the future trend of the market.
• However, with Bitcoin prices approaching all-time lows, some analysts believe this is a good time to buy.

Technical Analysis:

• Bitcoin price is currently trading below the key technical level of $15,000.
• If this level is consistently breached, Bitcoin could fall further to $14,000.
• Conversely, if Bitcoin can break above the $15,500 resistance, a retest of $16,000 is possible.

Conclusion:

Bitcoin price is currently in a downward trend, affected by macroeconomic factors. Bitcoin prices are expected to remain volatile in the coming weeks as the Federal Reserve continues to raise interest rates and inflation cools. However, some analysts believe that current low price levels could be a buying opportunity.

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