As the year draws to a close, the cryptocurrency market is buzzing with speculation. Will alternative coins surge, or will Bitcoin maintain its lead? ChangeNOW, a platform for exchanging cryptocurrencies without registration, reports a rise in transaction volumes for Bitcoin and Ethereum. Used by savvy investors and large holders concerned about safety, this increase hints at accumulation and potential future growth for these coins.
Bitcoin Shows Strong Growth as Bulls Drive Prices Toward Key Levels
Source: ChangeNOW
Bitcoin is trading between $94,906 and $98,096, exhibiting significant growth with a monthly increase of 45.70%. The Relative Strength Index is at 57.51, indicating bullish momentum without reaching overbought conditions. The 10-day Simple Moving Average stands at $98,443, surpassing the 100-day average of $94,060, which suggests a positive short-term trend. The nearest resistance level is $100,724, and breaking this could lead to the next target of $113,913. With a one-week price change of 12.41%, Bitcoin is showing strong upward movement.
For those interested, platforms like ChangeNOW offer the option to purchase Bitcoin with no registration and no hidden fees.
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Ethereum Gains Momentum as Bulls Influence the Market
Source: ChangeNOW
Ethereum’s price has risen recently, gaining over 8% in the past week and more than 27% in the past month. The current price ranges between $3121.90 and $3341.60. The 10-day simple moving average stands above $3350, surpassing the 100-day average of around $3168, suggesting bullish momentum. The Relative Strength Index is close to 54, indicating neutral to slightly positive market sentiment. If Ethereum breaks through the nearest resistance level at $3607, it could aim for the next resistance at $4037, representing a substantial percentage increase.
With technical indicators pointing to potential growth, the current market conditions seem favorable. Ethereum can be accessed on platforms like ChangeNOW without registration and no hidden fees.
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Conclusion
December could bring significant movements in the cryptocurrency market, with potential shifts between Bitcoin and Ethereum. Bitcoin continues to lead the market, offering investors a stable and established option. Ethereum, on the other hand, provides unique possibilities through its platform for decentralized applications. Those interested in investing or trading these cryptocurrencies might consider using ChangeNOW. This platform enables users to buy, sell, or exchange coins effortlessly, without hidden fees or the need for registration. Security is enhanced as user funds are not stored on the platform. With support for over 900 cryptocurrencies, no limits on transaction sizes, and the convenience of purchasing crypto with a bank card, ChangeNOW stands out as a reliable choice for crypto transactions.
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