As December approaches, the crypto market faces a pivotal moment. Will Bitcoin continue to lead, or will altcoins like Ethereum take the spotlight? According to ChangeNOW, a platform for exchanging cryptocurrencies without registration, transaction volumes for BTC and ETH have increased. This surge suggests savvy investors are accumulating these coins, hinting at potential growth in the near future.
Bitcoin Shows Strong Growth as Bulls Drive Prices Toward Key Levels
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
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
In conclusion, Bitcoin and Ethereum offer unique opportunities for investors and traders this December. Bitcoin maintains its strong presence in the market, while Ethereum shows promise with its growing ecosystem. For those interested in investing or trading these cryptocurrencies, ChangeNOW is an excellent platform. 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 flexibility and convenience for all crypto enthusiasts.
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