Bitcoin Price Prediction Today: Is Bitcoin Going up or Down Today?
Key Takeaways
- Bitcoin is trading at around $90,665.03; the price is down slightly in the past 24 hours.
- The Fear and Greed Index flashing 29 suggests that the investors remain extremely cautious.
- As of today, Bitcoin is projected to remain range-bound within $88k to $92k zone.
- Amid the sustained selling pressure, deeper corrections can not be ruled out if the token fails to hold the current level.
- The crypto investors are advised to remain cautious while navigating through uncertain macroeconomic conditions.
Bitcoin’s Current Market Scenario: How is the token Faring Now?
Bitcoin is trading at around $90,665.03; the price is down slightly in the past 24 hours. The market cap touched 1.81 trillion.
The 24-hour trading volume is up by 14% and reached $57.8 billion. The Fear & Greed Index value of Fear & Greed Index of 28 (Fear) is an improvement from the previous day’s extreme fear reading. But the Fear and Greed Index flashing 29 suggests that the investors remain extremely cautious. The market sentiment is still bearish with a high volatility of 8.36%.
- Fear & Greed Index: 29 (Fear)
- Market Sentiment: Bearish
- Supply Inflation: 0.87% (Low)
- Dominance: 58.82%
- Volatility: 8.36%.
Bitcoin Price Prediction Today: Is Bitcoin Going up or Down Today?
As of today, Bitcoin is projected to remain range-bound within $88k to $92k zone. As the bearish sentiment continues, the token is unlikely to climb higher than $100k unless the market receives a strong catalyst. Nevertheless, amid the sustained selling pressure, deeper corrections can not be ruled out if the token fails to hold the current level.
Bitcoin Price Prediction Tomorrow, & This Week
As for the upcoming week, the price of bitcoin is projected to stay within a range of $91,844.97 to $97,267.31.If the market remains devoid of any strong catalyst, climbing above $100k will be tricky for the world’s most valued digital currency.
| Date | Day of week | Daily Low | Daily High | Average |
|---|---|---|---|---|
| 30/11 | Sunday | $91,844.97 | $93,187.14 | $92,516.06 |
| 01/12 | Monday | $92,449.4 | $94,287.5 | $93,368.45 |
| 02/12 | Tuesday | $93,293.4 | $93,579.49 | $93,436.45 |
| 03/12 | Wednesday | $93,484.17 | $95,715.58 | $94,599.88 |
| 04/12 | Thursday | $97,009.5 | $97,267.31 | $97,138.41 |
| 05/12 | Friday | $97,100.22 | $98,409.31 | $97,754.77 |
| 06/12 | Saturday | $96,410.31 | $97,484.19 | $96,947.25 |
Market Outlook: Technicals, Institutional Activity & Macro Trends
The price movements of Bitcoin depend on several key factors, such as macroeconomic conditions, the signals from technical indicators, institutional interest, ETF and whale activity. Here is a detailed look at each of these factors.
Technical Analysis: What Do the Technical Signals Say?
The token is trading above the 10-day EMA and Simple Moving Average. The 10-day Simple Moving Average is 88,204. Nevertheless, the price is still below the 200-day Simple Moving Average. The token only had 13 green days in the past 30 days. But the MACD histogram is showing a bullish crossover, and the 14-day Relative Strength Index (RSI) value of 40 indicates a neutral stance leaning towards bearish tendency.
The token is trading above the 90,377 support level. If the token moves up, the next support level is at 99,064. Nonetheless, both market oscillators and moving averages are giving mixed signals, mirroring the prevailing investor caution surrounding the crypto market amid the macro uncertainties.
The analysis also indicates that some parameters have improved, hence the bottom formation may have already occurred, and the token is likely consolidating. The token remained in a $90,257.12 to $92,969.09 zone in the past 24 hours. But, if the market continues to reel under pressure, deeper corrections may follow.
The Whale Activity & Key Market Metrics Suggest the Selling Pressure is Still High
The Exchange Whale Ratio is 0.971 and is up by 1.02%; the data clearly indicates the prevailing selling pressure. The negative funding rates also suggest the market sentiment remains bearish. However, the open interest rate has gone down, indicating lower leveraged positions and lower volatility in the short-term. The key metrics suggest the bullish sentiment remains among the investors.
The ETFs Flows in Green Indicating the Institutional Activity
The Exchange Traded Funds (ETFs) recorded a net inflow of $185.09 million. The ARK 21Shares Bitcoin ETF (CBOE: ARKB) is the top gainer with 88.4 million. The ETF flows remained highly volatile in the past week, but in the past days, the inflows have dominated, showing signs of recovery.
In terms of treasury holding, despite the Strategy still maintaining the lead, the company had refrained from any new acquisitions in the past week. The MSTR stock has shown signs of rebound, but the stock price has undergone over 37% dip this month. The performance of major crypto firms is likely to dampen the sentiments of crypto natives.
Macroeconomic Factors: The Weaker Labour Data Pushes Investors to Risk Aversion
The weaker labour data is pushing investors to adopt a risk-averse attitude. The September unemployment rate has increased to mid-4%. This increase has fueled the fears of recession, forcing investors to recalibrate their investment strategy to be risk-averse. Furthermore, uncertainty over the Fed rate cuts is adding another layer of uncertainty. JP Morgan has revised their predictions and now sees room for central bank rate cuts.
According to CME FedWatch data, the traders are now pricing in over 86% probability of federal bank rate cuts. The rate cuts will increase the liquidity in the market and make the traditional assets less attractive with lower returns. Hence, an increased risk appetite is likely to benefit the crypto market.
Bitcoin Medium-Term Price Prediction
For the medium term, the price is projected to remain within a $89k to $91k range if the current bearish to neutral sentiment continues.
| Month | Min. Price | Avg. Price | Max. Price | Change |
|---|---|---|---|---|
| Nov 2025 | $ 89,967 | $ 90,936 | $ 91,846 | 1.05% |
| Dec 2025 | $ 91,277 | $ 91,329 | $ 91,381 | 0.53% |
The Bottom Line: What’s Ahead for BTC?
For Bitcoin and the broader cryptomarket, volatility is the norm. Hence, a price surge at the end of the year can not be dismissed. Besides, a strong rally may be around the corner if Fed rate cuts materialize. Even so, the crypto investors are advised to remain cautious while navigating through uncertain macroeconomic conditions.
Disclaimer: The Above crypto price forecasts are based on predictive modelling and should not be considered financial advice.
Crypto & Blockchain Expert