#ChristmasMarketAnalysis

FLUCTUATIONS CONTINUE IN THE CRYPTOCURRENCY MARKET

On December 23, 2024, significant fluctuations were experienced in the Bitcoin (BTC) and Ethereum (ETH) markets. BTC recovered to $ 93,500 in the morning hours and remained below the previous jump. It then rose to $ 96,500 and fell again. While the intraday trading range was fluctuating, the market fell again with the opening of the US stock exchanges and paused around $ 92,800, falling below the $ 93,500 support. At this level, the continuation of the declines was limited.

In the daily charts, it was observed that the price was close to the lower limit of the Bollinger Band, but did not directly break this band. This situation shows that the market is in the consolidation phase and there is a potential recovery area. On the 4-hour charts, it is stated that the price is not permanent below the $93,000 level, with the support of the opening data of the US stock exchanges, and that this level may be a preparation for future increases.

Analysts evaluate pullbacks as buying opportunities in current market conditions. In particular, long positions are recommended for BTC in the range of $92,700-$93,200, while the first target is $95,000. For ETH, it is recommended to buy in the range of $3,270-$3,300 and target the $3,400 level.

As a result, while fluctuations continue in the cryptocurrency markets, it is important for investors to determine their strategies by taking into account the support and resistance levels.

#binance #escoin #btc #elg $BTC $ETH

- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️