#ReboundRally The cryptocurrency market witnessed significant volatility today, with some major coins rising while others declined.
According to recent analysis, Bitcoin is expected to witness a price consolidation period between $90,000 and $108,000 in the coming days, with a possible temporary decline to around $86,000 before resuming the upward trend and setting new record highs.
On the other hand, Ethereum is facing challenges in surpassing the resistance level at $3,510. Breaking this level could push the price towards further increases, while remaining below it could lead to a continued downward correction.
As for Polygon (MATIC), it is facing negative pressure after touching the 50-day moving average, which could push it further down if it fails to surpass this resistance.
Overall, the market is characterized by a state of anticipation and caution, as investors monitor key technical levels to determine future trends. It is always advisable to conduct the necessary research and consult experts before making any investment decisions.
Tips to become a successful cryptocurrency investor (for beginners)
1. Start with a small amount of money. This is especially important if you are new to investing in cryptocurrencies, as you certainly do not want to risk losing a lot of money if you make a mistake. Remember that the cryptocurrency market is still in its early stages, and there will be ups and downs along the way, and here you should not expect to get rich quick.
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🔓Most notable currency releases for the coming week
Total releases: $93 million🔥
🌟Most notable:
$IMX (1.45%) - $35.06 million $ADA (0.05%) - $16.37 million $ENA (0.44%) - $12.86 million $YGG (3.43%) - $7.14 million $EIGEN (0.61%) - $5.47 million $FET (0.13%) - $4.48 million $AGIX (2.35%) - $4.41 million
#ChristmasMarketAnalysis Christmas Market Analysis is the process of studying and evaluating the economic, commercial, and cultural factors that influence these popular markets during the Christmas season. This analysis is typically based on several key aspects, including:
1. Economic dimensions
Market size: Estimate the total revenue expected from the markets.
Demand: Identify the most in-demand categories (gifts, food, decorations).
Costs: Analyze vendors’ operating costs, such as rent and energy.
Competition: Compare performance with other markets locally and internationally.
2. Consumer trends
Emphasis on handmade goods versus ready-made products.
Rising demand for sustainable and environmentally friendly options.
Moving toward online shopping versus traditional markets.
3. Cultural and tourism impact
The role of markets in attracting tourists.
Cultural activities associated with them, such as concerts and workshops.
The impact of cultural identity on the products offered.
4. Local behavior analysis
Local residents’ shopping habits during the holiday season.
Predicting the impact of price changes or global events on purchasing decisions.
5. Challenges and Risks
Weather (especially foreign markets).
High production costs, especially for handmade goods.
BTC#FxNewsToday: In its update dated December 20, 2024, it indicated that the price of Bitcoin broke the support level at $95,195, paving the way for further decline towards $90,750 and then $87,055 as the next negative targets.
TradingView: It reported that the price is currently moving in a stable ascending channel, and if the current resistance level is broken, it is expected to target levels close to $105,000 - $107,000.
Future price expectations:
LiteFinance: Published Bitcoin price expectations for the period from 2024 to 2030 and beyond, indicating that the price could reach a range between $260,669.07 and $304,108.49 in 2026, with an expected average price of around $278,047.01.
Current Price:
According to the latest data, Bitcoin is currently trading at around $94,494, down 2.86% from its previous close.
Conclusion:
Given the ongoing volatility in the cryptocurrency market, investors are advised to keep an eye on key technical levels, such as the aforementioned support and resistance levels, and make their investment decisions based on the latest market analysis and developments.
The cryptocurrency market has been experiencing significant volatility recently. For example, Bitcoin’s value has fallen below $100,000 after having previously crossed this barrier. This decline is partly attributed to the US Federal Reserve’s interest rate decisions, which have affected investor sentiment.
As for future expectations, some analysts expect Bitcoin to see a new rise that could take it to record levels. For example, some analysts suggest that the price of Bitcoin could reach a range of $260,669.07 to $304,108.49 in the future. However, investors are advised to be cautious due to the ongoing volatility in the market.
On the other hand, the cryptocurrency market in general is expected to witness continued growth, especially with the approach of the Bitcoin “halving” event expected to occur in April 2024, which could lead to an increase in the value of the currency.
Here is a look at some of the major cryptocurrencies and their current prices:
In conclusion, it is always advisable to conduct personal research and consult experts before making any investment decisions in the cryptocurrency market, due to the volatility and risks associated with it.
$#عاجل This price drop comes amid reports of major thefts on cryptocurrency exchanges, as hackers linked to North Korea were able to steal record amounts from these platforms, reflecting growing capabilities that threaten US national security.
🔴 Don't get upset or rush and listen to me carefully 🔴
If you bought currencies and are currently losing due to the decline, here are some ways and tips to correct your situation:
Don't sell at a loss: If you don't need the money now, wait. The market is always fluctuating, and it may rise again in the future.
Review your situation: See if the currency you bought has a strong project and future. If its situation is good, be patient with it.
Don't add more: Don't try to support the currency by buying more now. Wait until the market starts to improve.
Learn from experience: Analyze why you entered and what mistake you made (such as entering at a high price or without a plan). So that you don't repeat the same mistake.
Think long-term: The digital currency market is volatile, but if the currency is strong, long-term investment may be better.
In short: Be patient, don't sell at a loss, and don't add new investments now, and focus on learning and planning for the future.