Come December, there will be speculation as to whether altcoins will skyrocket or whether Bitcoin will maintain its dominance. ChangeNOW, a no-registration cryptocurrency exchange, is seeing an increase in Bitcoin and Ethereum trading volumes. Smart investors and large holders concerned about the safety of their funds are turning to this service. Increased trading suggests investors are accumulating, which could lead to future growth for these coins.
Bitcoin eyes next resistance level as bulls push price higher toward new highs
Source: ChangeNOW
Bitcoin is currently trading between $97,669 and $98,716, showing strong momentum. Prices have surged more than 33% in the past month and are up more than 43% in six months. The bulls seem to be in control and are pushing the price closer to the nearest resistance level at $105,541. If above this level, Bitcoin could target the next resistance level at $115,588, which would mean a potential upside of around 10%. The relative strength index is above 60, indicating positive sentiment, and the MACD is in positive territory.
Given the current market conditions, this could be a great time for anyone looking to buy Bitcoin. Bitcoin purchases can be made on ChangeNOW without registration or hidden fees.
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Ethereum shows bullish momentum amid rising price
Source: ChangeNOW
Ethereum is trading between $3,395 and $3,596, indicating a possible bullish trend. Over the past week, the price has increased by 6.78% and in the past month, it has increased by 36.08%. The relative strength index is 53.75 and the probability index is 65.90, both of which suggest upward momentum. The 10-day simple moving average of $3,576.74 is slightly above the 100-day average of $3,489.55, suggesting continued growth. If Ethereum breaks above the nearest resistance level at $3,770, it could head towards the next resistance at $4,242, which would imply an upside potential of around 20%. Current market indicators reflect a bullish influence on Ethereum price movements.
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conclusion
December brings new opportunities for Bitcoin and Ethereum investors and traders. Bitcoin continues to show its strength as a pioneer in the cryptocurrency space, gaining stability and wide acceptance. Ethereum offers a unique perspective with its smart contract capabilities, driving innovation in decentralized finance and applications. For those looking to invest or trade these coins, ChangeNOW provides a convenient platform. This allows users to exchange, buy and sell without hidden fees or registration, and provides added security by not storing user funds. It supports over 900 cryptocurrencies and has no limits on transaction amounts, providing flexibility for all users. Additionally, ChangeNOW makes it easy to purchase cryptocurrencies using your bank card.
