This Analysis Suggests December Will Be a Crucial Month for Bitcoin
Bitcoin’s price action has done little to offer investors with clarity into its near-term outlook. The benchmark digital asset has been trading around $10,500 for the past few days, with each push higher or lower resulting in a move back to this price level. The lack of directionality seen in the time following its $11,000 […]
Related News
On average, December is a positive month for the Dogecoin price, given that some of its wildest rallies have happened during the last month of the year. However, there are still instances where the Dogecoin price has seen major crashes in the month of December, and that could play out once again here. Using data […]
Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, […]
Bitcoin (BTC) is undergoing one of the most challenging periods of the year, with prices retracting nearly 30% from its all-time high of $126,000 reached last month. This decline has raised concerns about a potential bear market, fueling fears within the cryptocurrency community and among BTC investors. Despite this, a new AI-driven simulation by Bitcoin analyst Timothy Peterson offers a more tempered outlook. In a post on X (formerly Twitter), Peterson indicated that while the situation remains complicated, the simulation suggests that the bottom might have already been reached or could....
Ethereum (ETH) has joined Bitcoin (BTC) in a notable price recovery, managing to reclaim the $3,000 mark. This resurgence could signify a pivotal moment for the altcoin, suggesting a potential new upward trend. However, investors remain divided on whether ETH may face further declines or if a year-end rebound could reignite bullish sentiment. ETH’s December Struggles In order to anticipate Ethereum’s probable moves in December, Alex Carchidi, an analyst at The Motley Fool, notes that this month has traditionally been a difficult month for the cryptocurrency. Since 2016, Ethereum has....
During the first week of December, a BTC/USD pair completed at the level of $356. However, by Monday of the second week, December 7, Bitcoin sharply rose to $389. Throughout the same day, the price of Bitcoin made an attempt to reach the level of $400. The next day, December 8, Bitcoin broke the resistance levels of $400 and $410, and then reached $420. During that day, the price rose by 7%. Throughout the next three days, from December 9 to 11, the Bitcoin price began fluctuating between $405 and $420. In the evening of Friday, December 11, the price of Bitcoin rose tremendously....