December brings speculation: will altcoins surge or will Bitcoin keep its dominance? ChangeNOW, a registration-free cryptocurrency exchange, has seen increased transaction volumes for Bitcoin and Ethereum. Savvy investors and large holders concerned about fund safety are turning to this service. The rise in transactions suggests investors are accumulating, possibly leading to future growth for these coins.
Bitcoin Eyes Next Resistance as Bulls Drive Price Toward New Highs
Source: ChangeNOW
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 purchasing Bitcoin, which can be done on ChangeNOW with no registration and no hidden fees.
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Ethereum Shows Bullish Momentum Amid Price Increase
Source: ChangeNOW
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.
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Conclusion
December brings fresh opportunities for investors and traders in Bitcoin and Ethereum. Bitcoin continues to show strength as a pioneer in the crypto space, offering stability and widespread acceptance. Ethereum presents unique prospects with its smart contract capabilities, fueling innovation in decentralized finance and applications. For those looking to invest or trade these coins, ChangeNOW offers a convenient platform. It allows users to exchange, buy, or sell without hidden fees or registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies and no limits on transaction amounts, it provides flexibility for all users. Additionally, purchasing crypto with a bank card is straightforward on ChangeNOW.
