The cryptocurrency market is gaining momentum as December approaches, with a market capitalization of $3.37 trillion. Bitcoin leads the market with a 57% advantage, followed by Ethereum at 12.8%, while the Altcoin Season Index stands at 59, indicating that Bitcoin's dominance remains strong even as altcoin activity begins to pick up. This suggests that it is persistent. Investor sentiment is at “extreme greed” (84) on the Fear and Greed index, reflecting increased confidence due to the potential for increased volatility. Institutional investor confidence has also increased, as evidenced by the ETF's $1.976 million inflows, indicating broad market support. .
Signs of a possible rally in cryptocurrencies are fueling speculation that an altcoin rally could occur in December. ChangeNOW, a service that allows you to exchange cryptocurrencies without registration, reports an increase in trading volumes for Bitcoin and Ethereum. Smart investors and large holders concerned about safety have been using this platform to accumulate, suggesting that these coins have the potential to grow quickly.
Bitcoin eyes next resistance level as bulls push price higher toward new highs
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, it may be the perfect time for those considering Bitcoin, which is available on ChangeNOW without registration or hidden fees.
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Ethereum shows bullish momentum amid rising price
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. This coin is available on ChangeNOW with no registration or hidden fees.
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conclusion
In conclusion, Bitcoin and Ethereum offer unique opportunities for investors and traders as December approaches. While Bitcoin remains a force with growth potential, Ethereum continues to garner interest due to its evolving capabilities. For those looking to invest in these cryptocurrencies, ChangeNOW is an excellent platform for trading. This allows users to exchange, buy and sell these coins without hidden fees or registration requirements, and provides added security by not storing user funds. ChangeNOW is a convenient and secure way to participate in the cryptocurrency market, with support for over 900 cryptocurrencies, no limits on trading volume, and the option to purchase cryptocurrencies using your bank card. We provide
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