The cryptocurrency market is gaining momentum as December approaches, with total market capitalization reaching $3.37 trillion. Bitcoin leads the market with 57% dominance, followed by Ethereum at 12.8%, while the Altcoin Season Index at 59 suggests Bitcoin’s control persists, even as altcoin activity begins to stir. Investor sentiment is at “Extreme Greed” (84) on the Fear and Greed Index, reflecting heightened confidence tempered by the potential for increased volatility.Institutional confidence is also on the rise, as evidenced by ETF inflows of $1.976 million, signaling broader market support.
Signs of a potential crypto rally are fueling speculation that December could bring a surge in altcoins. ChangeNOW, a service for exchanging cryptocurrencies without registration, reports increased transaction volumes for Bitcoin and Ethereum. Savvy investors and large holders concerned about safety are using the platform to accumulate, suggesting these coins may grow soon.
Bitcoin Eyes Next Resistance as Bulls Drive Price Toward New Highs
Bitcoin is currently trading between $97,669 and $98,716, showing strong momentum. Over the past month, its price jumped over 33%, and in six months, it gained more than 43%. The bulls seem to be in control, pushing the price close to the nearest resistance level at $105,541. If this level is surpassed, Bitcoin could target the next resistance at $115,588, representing a potential increase of around 10%. The Relative Strength Index is above 60, indicating positive sentiment, and the MACD is in positive territory.
With the current market setup, it might be an opportune time for those considering Bitcoin, which is available on ChangeNOW with no registration and no hidden fees.
>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<
Ethereum Shows Bullish Momentum Amid Price Increase
Ethereum is trading between $3395 and $3596, indicating a potential bullish trend. Over the past week, the price increased by 6.78%, and over the past month, it surged by 36.08%. The Relative Strength Index stands at 53.75, and the Stochastic indicator is at 65.90, both suggesting upward momentum. The 10-day Simple Moving Average of $3576.74 is slightly above the 100-day average of $3489.55, hinting at continued growth. If Ethereum surpasses the nearest resistance level at $3770, it could aim for the next resistance at $4242, representing a possible increase of around 20%.
The current market indicators reflect a bullish influence on Ethereum’s price movement. This coin is available on ChangeNOW with no registration and no hidden fees.
>>> ChangeNOW – Swap Crypto Simple, Fast, Free of Custody <<<
Conclusion
In conclusion, Bitcoin and Ethereum offer unique opportunities for investors and traders as December approaches. Bitcoin remains influential with potential for growth, while Ethereum continues to attract interest due to its evolving features. For those looking to invest in these cryptocurrencies, ChangeNOW is an excellent platform for transactions. It enables users to exchange, buy, or sell these coins without hidden fees or the need for registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW provides a convenient and secure way to participate in the crypto market.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
