The post What to Expect in December 2024! appeared on BitcoinEthereumNews.com.

The cryptocurrency market concluded November on a bullish note, with top cryptocurrencies recording a significant price rally. Moreover, with Bitcoin’s price hovering close to the $100k mark, the crypto space has achieved a new ATH. Will the top 3 cryptocurrencies resume the month of December on a bullish note? In this article, we have covered the short-term market sentiments of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) crypto tokens. Bitcoin (BTC) Despite recording a neutral trend over the last seven days, the BTC price surged ~39% in November. Moreover, with a market capitalization of $1.909 billion, the Bitcoin token currently holds a market dominance of 56.13%. BTC Dec End Analysis The Simple Moving Average (SMA) supports the BTC price chart in the daily time frame. Further, the RSI indicator is hovering close to its overbought range. This indicates an increase in the market’s bullish sentiment for the star crypto. If the bullish sentiment sustains, the Bitcoin price will surpass its target price of $100k and head toward its upper high of $110k. On the flip side, a bearish reversal could pull the price toward its lower support level of $81,000. To understand the long-term possibilities of the BTC token? Read CoinPedia’s Bitcoin Price Prediction! Ethereum (ETH) The ETH price has gained significant attention over the past few days. This has resulted in the Ethereum price adding ~8% this week. Further, with a monthly return of 47.07%, this altcoin has surpassed the $3,650 level. ETH Dec End Analysis The Moving Average Convergence Divergence (MACD) shows a constant green histogram with its averages recording a steady rise. Moreover, the EMA 50/200-day displays a Golden Cross daily, highlighting a bullish outlook. Maintaining the price above its resistance level of $3,697 could set the stage for the ETH coin price to head toward its…

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Filed under: News - @ December 1, 2024 8:13 am