Bitcoin Price Prediction Today: Is Bitcoin Predicted to Go Higher?

Key takeaways

• The Bitcoin price is down today, with the token trading at around $103,213.54.
• Bitcoin is predicted to hover around $103-104k level today.
• Failure to hold the current level may lead to a dip into $99k to $100k.
• The crypto natives are optimistic about a rebound in the upcoming weeks as the macrotailwinds, such as the nearing of the end of the U.S government shutdown, declaration of tariff dividend by President Trump, and active discussions about December rate cuts, are adding optimism to the crypto market. 
• Amid the macro stimulus, the price of Bitcoin is predicted to reach over $120k to $150k at the end of the year.
• Despite the bullish predictions, due to the dynamic nature of the crypto market, the investors are advised to follow cautious optimism.

Bitcoin’s Current Market Scenario:  Is Bitcoin Going Up or Down Today?

The Bitcoin price is down today, with the token trading at around $103,213.54, and the price has decreased by 2.75% in the past 24 hours. The market cap touched $2.06 trillion. Fear & Greed Index value of 26 suggests that the investors are cautious. The token is trading below the 200-day Simple Moving Average (SMA). The market sentiment is still bearish. The following are the values of key market indicators. 

Bitcoin Price Prediction Today

Bitcoin is predicted to hover around $103-104k level today.  Amid the increased whale activity, technical failure to hold $107k level, the token is tumbling down, despite the macro tailwinds. Failure to hold the current level may lead to a dip into $99k to $100k. 

Bitcoin Price Prediction Tomorrow, This week

As for tomorrow, the token is projected to fall in a range of $102k to $104k. As for the upcoming week, the price is forecasted to lie in an average price range of $103k to $106k if the market does not get a major stimulus. 

Bitcoin Price Prediction 2025

Amid macrotailwinds, such as government reopening, are predicted to boost the prices as high as $129k to $146 towards the end of the year. The current dip is largely seen as short-term volatility, as the long-term predictions are bullish and take into account the larger evolving macro landscape. 

Factors Affecting the Price of BTC:  Market Outlook: Technicals, Institutional Activity & Macro Trends

Technical Analysis Shows Bearish Sentiments 

Bitcoin is currently trading below the 10-day Exponential Moving Average (EMA) and Simple Moving Average (SMA). The 14-day Relative Strength Index value of 42 suggests that the downward price movement is likely to continue. Moreover, the MACD histogram is showing a bearish crossover as well. The token failed to hold $104k support level. The next Fibonacci support level is at the 99k level. A dip further can not be ruled out in the upcoming days, if the technical signals continue to send buy signals. 

Increased Whale Activities are Increasing the Selling Pressure

The short-term profit-taking by whales has added volatility to the prices. The profit taking took center stage when the token briefly rebounded and reached $107k as the news of the U.S government shutdown nearing its end hit the headlines. Furthermore, the whales are offloading bitcoin to exchanges, enhancing the selling pressure. 

Institutional Activities Remain Intact With ETF Inflows & Expanding Treasury Holding

Despite the short-term volatility in the market, the companies continue to add bitcoin to their reserves. The largest holder of Bitcoin, Strategy, acquired 487 Bitcoin worth around $50 million in the past week. Yesterday, November 11, the Bitcoin ETFs recorded a net inflow of 299.80 million. Both show that the institutional interest in the token remains intact. 

Macro Tailwinds Are Building Up  

The crypto natives are optimistic about a rebound in the upcoming weeks as the macrotailwinds are building in the background. The nearing of the end of the U.S government shutdown, declaration of tariff dividend by President Trump, and active discussions about December rate cuts are adding optimism to the crypto market. Amid the macro stimulus, the price of Bitcoin is predicted to reach over $120k to $150k at the end of the year. 

The Bottom Line: Is Bitcoin Predicted to Go Higher?

Being the most valued cryptocurrency, Bitcoin has strong fundamentals. Moreover, the institutional activities around the token remain intact. The bulls are expecting the token to hit a new all-time high this year itself. Their predictions are backed by a favourable macroclimate, and many pro-crypto legislations are expected to pass soon once the government reopens. However, the crypto market is highly volatile and is yet to mature; thus, price volatility is unavoidable. Hence, the investors are advised to follow cautious optimism. 

Also Read: Record Bitcoin Seizure in UK as London’s ‘Cryptoqueen’ Faces Sentencing