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.
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.
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.
