Cripto Market Analysis: December 24

Bitcoin (BTC)
Today, #bitcoin is trading at $94,481, with a high of $94,881 and a low of $93,575. #BTC☀ recorded a decline of -1.50%. Bitcoin has not yet reached the low of December 23, at $93,709, nor has it broken the low of three days ago, on December 20. However, indicators show that downward pressure remains strong.

A potential increase is possible if Bitcoin manages to break the December 23 high of $96,534. However, without positive sentiment, Bitcoin is expected to continue its decline the following day. Market activity is slowing ahead of the Christmas holiday, resulting in insignificant trading volume for Bitcoin.

$BTC

Ethereum (ETH)
On December 24, Ethereum displayed less significant price movement compared to BTC. As of writing, #ETH🔥🔥🔥🔥🔥🔥 is trading at $3,416, with a high of $3,434 and a low of $3,358. Ethereum recorded an increase of +2.37%.

On December 23, ETH broke the high of December 22 and briefly touched the low from the same date. However, despite today’s gains, indicators still show considerable downward pressure. Without positive sentiment, Ethereum is likely to continue its decline tomorrow.

$ETH

Conclusion
Both assets, Bitcoin and #Ethereum , are showing different trends. BTC continues to face strong selling pressure, while ETH has recorded gains, though not enough to break out of its bearish trend. Without positive market sentiment, both assets are likely to continue their downward trends in the coming days, especially as market activity slows during the holiday season.

The Uses of #cryptocurrency Based on Its Types

Cryptocurrency has various uses, depending on the type and purpose of its creation. In this discussion, we will cover one category, namely community-based currencies, and their use cases.

1. Community-Based Currencies
Community-based currencies are designed to support a specific community or project. Their use is usually limited to small transactions, rewards, or activities within the community itself. However, I personally am not very interested in this type of currency, mainly because of the lack of strong fundamentals and clear prospects. If you are not part of the community or do not understand the purpose of this currency, it is better to avoid investing your money in it.

Examples include Dogecoin and Shiba Inu, often referred to as meme coins.

Dogecoin: This currency is famous for its popularity surge in 2021. Fundamentally, Dogecoin has an advantage in its high volatility, which attracts speculative traders. Although it experienced significant declines in 2021-2022, #Dogecoin managed to recover without returning to its initial launch price. This makes it quite appealing for short-term trading, although it is less ideal for long-term investors.

$DOGE

Shiba Inu: Unlike Dogecoin, #ShibaInuUpdate has weaker fundamentals. This coin is less suitable for long-term investment because its value heavily depends on market hype and speculation. Therefore, investors need to be cautious when considering Shiba Inu as an investment asset.

$SHIB

Conclusion
Community-based currencies may be suitable for those who already understand a specific #Community or want to participate in community-based projects. However, for beginners or long-term investors, this type of currency often carries higher risks compared to other types of cryptocurrencies.

#Crypto Movement Analysis: December 23😎

Today, the #cryptocurrency! market continues to show mixed trends, with some assets experiencing declines while others attempt to recover. Below is the analysis for XRP and Solana (SOL):

XRP $XRP

XRP is currently trading at $2.1866, with a daily high of $2.2348 and a low of $2.1309. XRP recorded a decline of -2.34%, indicating further weakness. Today's low has broken through yesterday’s and the previous four days' lowest levels, reflecting strong selling pressure. Indicators suggest weakened upward momentum, making it likely that this downtrend will continue into tomorrow.

Solana $SOL

Solana is trading at $184.90, with a daily high of $187.67 and a low of $176.52. Although SOL recorded a daily gain of +1.37%, indicators still show weak bearish momentum. Today, SOL broke below the December 22 low but failed to surpass yesterday's high. This pattern suggests the potential for further decline if market sentiment remains negative.

Conclusion

Both #Xrp🔥🔥 and Solana exhibit signs of weakness as of December 23, XRP Likely to continue its decline due to strong selling pressure. #Solana While showing a minor recovery, it may extend its downtrend if the market does not improve. The overall trend for these assets remains bearish despite brief upward movements.

Crypto Movement Analysis: December 23

Today, the cryptocurrency market exhibited generally weakening movements, despite slight signs of recovery. Both Bitcoin and Ethereum recorded minor declines but have yet to show significant strengthening.

Bitcoin $BTC

Bitcoin is currently trading at $96,145, with a daily high of $96,535 and a low of $93,709. Although Bitcoin has rebounded from its daily low, its daily decline still stands at -1.10%. Indicators show that Bitcoin remains in a phase of weakened upward momentum, suggesting the potential for sideways movement or even further decline if no positive catalysts emerge.

Ethereum $ETH

Ethereum is trading at $3,356, with a daily high of $3,363 and a low of $3,217. Ethereum's decline today is approximately -0.85%, although it has shown a slight increase from its lowest level. Indicators reveal similar weakened upward momentum to #bitcoin . Over the past two days, Ethereum has failed to break below its December 20 low, reflecting persistent selling pressure.

Conclusion

Bitcoin: Likely to continue its sideways trend or decline if no positive sentiment arises.

#Ethereum : Has a chance to rise if it can break short-term resistance, but remains pressured by bearish signals.

Both assets show signs of minor recovery but remain in a weakened position within their respective trends.

Crypto Movement Analysis: December 22

Today, the cryptocurrency market exhibited varied movements, with some assets recording small gains while others remained in a downtrend. Below are the highlights of XRP and TRX price actions:

$XRP
XRP is currently trading at $2.26, with a daily high of $2.29 and a low of $2.17. XRP saw a modest gain of approximately +0.42% today. However, the previous day’s low (December 21) was breached, indicating that selling pressure remains strong. According to indicators, XRP is likely to continue its downtrend in the coming days.

TRX

TRX posted a gain of +1.63%, trading at $0.2491. The daily high was $0.2505, and the low was $0.2418. This increase came after breaking through the previous day’s low, signaling potential for a reversal. Indicators suggest TRX is still in a phase of weakened upward momentum, but there is potential for further gains in the coming days. Notably, on December 20, TRX reached last month’s high of $0.2237. If the low from two days ago is breached again, #TRX✅ risks resuming its decline.

Conclusion

Most #cryptocurrencies saw small gains today, including $XRP and TRX. However, indicators show mixed signals, with some assets still experiencing weakened momentum. XRP appears to face continued selling pressure, while TRX holds a chance for further recovery but remains at risk of reversal.

Crypto Movement Analysis: December 22

Today, the cryptocurrency market exhibited relatively stable movements, with a slight decline in Bitcoin and mixed performance in Ethereum. Below is a summary of price movements:

Bitcoin $BTC


#bitcoin☀️ is currently trading at approximately $97,209, with a daily high of $97,436 and a low of $95,905. Bitcoin's decline today was a modest -0.14%, indicating insignificant movement. Indicators suggest continued weakness in upward momentum, with no clear signs of a substantial recovery. This trend implies that BTC may remain stable or continue its decline if no positive catalysts emerge.

Ethereum $ETH


Ethereum showed a minor uptick despite remaining in negative territory, with a slight decline of -0.18%. It is currently trading at $3,389, with a high of $3,403 and a low of $3,296. Indicators hint at the potential for upward movement in the coming days if no adverse market sentiment arises. However, should negative sentiment prevail, #Ethereum risks further declines.

Conclusion

The cryptocurrency market on December 22 showed stability, with Bitcoin and Ethereum trading within a narrow range. Bitcoin remains in a weakened upward trend, while Ethereum has the potential for recovery if the market avoids negative influences.

Crypto Movement Analysis: December 21😊

Today, the cryptocurrency market showed relatively stable movement, with slight gains in some major assets.

Bitcoin $BTC

Bitcoin is trading at $97,388 at the time of writing, with a high of $99,515 and a low of $96,411. Despite recording a small gain of +0.25%, the increase remains insignificant. Indicators point to weakness in this upward movement, suggesting that Bitcoin may either continue its decline or move sideways in the near future.

Ethereum $ETH

Ethereum is currently at $3,398, with a daily high of $3,553 and a low of $3,349. Like #bitcoin☀️ , Ethereum saw a minor increase of +0.40%. However, indicators suggest the possibility of further declines tomorrow, even though its movement remains stable for now.

XRP $XRP

XRP is trading at $2.2529 at the time of writing, with a high of $2.3826 and a low of $2.1912. XRP recorded a gain of approximately +1.66%, but indicators highlight weakness in this increase, making it likely that #Xrp🔥🔥 will face further declines in the coming days.

Conclusion

Today, the crypto market showed stable movement with minor gains in Bitcoin, #Ethereum , and XRP. However, indicators for all three assets still suggest a bearish trend, indicating the potential for further declines in the days ahead.

Cripto Movement Analysis: December 19

Today, the cryptocurrency market is dominated by red, signaling a significant price drop across most digital assets. While some assets recorded gains, the majority of the market experienced selling pressure. Here’s a summary of the movements of major assets:☕😎

Bitcoin ($BTC )🧐

Bitcoin recorded a decline of approximately -3%, trading at $100,550 at the time of writing. The highest price today was $100,807, while the lowest was $98,825. Based on indicators, Bitcoin continues to show weakness, suggesting that selling pressure may persist.


XRP🙂

$XRP is trading at $2.2850, with a high of $2.4303 and a low of $2.1728. This represents a decline of -8%, consistent with its ongoing downward trend. Indicators suggest the potential for further declines in the coming days.


Ethereum (ETH)😉

Ethereum also weakened, trading around $3,586 at the time of writing. Today’s high was recorded at $3,720, and the low at $3,584. Indicators show that Ethereum's weakening is likely to continue, with a 70% chance of further decline.


VANA🙃

VANA is trading at $15,909, with a high of $17,818 and a low of $15,400. Although its decline is not as significant as other assets, VANA still shows a weakening trend in a bearish market.

Performance of Other Assets, ACT recorded the largest decline today, dropping by -24%. On the other hand, the top-performing asset was WRI, which rose by 26%.

Conclusion🙂 Most crypto assets, including Bitcoin, Ethereum, and XRP, are under strong selling pressure. The market is showing a bearish trend, and indicators suggest the likelihood of further declines in the near future. Gains are only visible in a few smaller assets, while the majority of the market remains in a red trend.

Crypto 🧐 Movement Analysis: December 18☕😊

Today, Bitcoin ($BTC ) experienced significant weakening. BTC’s price dropped to its lowest level at $103,139 before stabilizing around $105,000 at the time of writing. The highest price today was recorded at $106,499, but indicators show a strong downward trend, suggesting that Bitcoin is likely to continue its decline tomorrow.


$XRP $ also saw a decline and failed to break yesterday's, December 17, lowest price. Today, XRP traded in the range of $2.5420, with a high of $2.5901 and a low of $2.4715. The downward trend that has lasted for 9 consecutive days, including a drop to $1.9176, continues. Indicators show that selling pressure on XRP remains strong.


Meanwhile, Ethereum ($ETH ) traded today around $3,871, with a high of $3,903 and a low of $3,804. This decline continues the negative trend observed since December 17. Indicators suggest that Ethereum may extend its weakening in the near term.


Overall, most of the crypto market is currently under selling pressure, including Bitcoin, XRP, and Ethereum. This downward trend is likely to continue unless positive sentiment emerges to shift the market's direction.🥵

Bitcoin, Ethereum, and XRP Movement on December 17 🤌🍻

Today, #bitcoin☀️ showed positive performance with its price hovering around $107,000, successfully surpassing the previous day's high. Although it experienced a brief correction down to $105,480, Bitcoin rebounded and recorded a new peak at $107,799.


Meanwhile, Ethereum ($ETH ) remained stagnant without significant movement. ETH prices stayed stable in the range of $4,000 as the highest and $3,900 as the lowest. On December 16, Ethereum had shown better performance, breaking through its 9-day high at $4,083 and reaching $4,107.


As for $XRP , its price today moved around $2.7000 as the highest level, while the lowest stood at $2.4000. Previously, in the past 14 days, XRP had reached $2.9000. However, as of the time this article was written, XRP has not been able to break through that level.


Overall, $BTC shows potential for further gains in the coming days based on current indicators. On the other hand, #Ethereum and #XRPUSDT🚨 continue to exhibit signs of weakness with relatively limited movement.☺

On December 16, $Bitcoin Breaks $105,000 and Reaches $106,000 🧐

$BTC made a significant move today, rising from $104,000 to $106,000. This is noteworthy as, over the past nine days, Bitcoin struggled to breach the $105,000 mark. Today’s breakthrough suggests renewed upward momentum, signaling a potential recovery in Bitcoin’s price action.

Ethereum Falls Short of Its Recent High 🤓

$ETH saw movement today, climbing from $3,900 to $4,000. While Ethereum has managed to reach the $4,000 level over the past nine days, it remains unable to surpass its recent high of $4,087. Today, Ethereum peaked at around $4,027, falling short of breaking past this critical resistance.

Market Sentiment😯

Bitcoin's ability to overcome the $105,000 resistance is a positive sign for traders and investors, potentially paving the way for further upward movement. Meanwhile, Ethereum's struggle to surpass $4,087 indicates lingering resistance in the market, emphasizing the need for stronger buying momentum to break through.😎☕

#BTC☀ On December 15, Bitcoin was trading around $101,000

As of this article's publication, Bitcoin was hovering around $101,000. There is a chance for Bitcoin to rebound if it breaks through the $106,000 to $110,000 range. However, if Bitcoin fails to surpass approximately $106,000, it might face further declines. Current indicators suggest Bitcoin's upward momentum is weakening, but a recovery is still possible as long as it doesn’t fall below $90,000.

#BTC☀️ What happens if Bitcoin drops to $90,000?

If Bitcoin reaches $90,000, it might delay its next upward trend. A drop below $90,000 could signal further declines. Should this occur, Bitcoin could potentially fall further, targeting levels around $70,000 to $65,000. However, most analysts agree that such a dip wouldn’t lead to a catastrophic drop, as long-term investors are likely to step in to stabilize the market.

#bitcoin☀️ $BTC $BTC
$BTC Potential Outlook for January and February 2025

In early 2025, Bitcoin’s direction—upward or downward—will depend on market performance. If it surpasses $106,000, a rally is likely. Conversely, breaking below $90,000 could push Bitcoin lower. If Bitcoin remains stuck between $106,000 and $90,000 from January to May, there’s a possibility of a significant rally after that, potentially extending into 2026.

Current Market Sentiment

Bitcoin's highest recent price of $103,000 nearly touched $104,000, prompting many long-term investors to sell around the $100,000 mark. As such, market anticipation is high, with traders closely monitoring these key price levels for indications of Bitcoin’s next major move.

#ETH an observation in some ⏰

😁😎Not a financial consultant🤓😎

#ETH from November 10, 2023 to today November 23, 2023, the highest reached around 2100 #ETH/USD and the lowest was around 1900 #ETH/USD .

🧐🧐An observation in some ⏰ and ☕🤠

🥳Have a nice day,#Donate⬇️

$ETH

#BTC🔥🔥 an observation in several ⏰

😁😎Not a financial consultant🤓😎

There will be a very significant price change. the price change occurs around or before December 20, 2023.

The price of #BTC will bear the burden of market reactions in the world. as of today #BTC/USDT is around 35000 - 37000. it is likely to change when you know after the Sagittarius Zodiac.

🧐🧐An observation in several ⏰ and ☕🤠

🥳Have a nice day,#Donate⬇️

$BTC