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 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.