Analytics

The Recent Market Enthusiasm Has Reappeared, and Mainstream Cryptocurrencies May Usher in an Explosion Period- Dec 28th

Analysts at Bexplus found that bitcoin surged sharply during the Christmas holidays, directly surging $28,000; the short-term upward rush and fall, mainstream cryptocurrencies have made up for the increase, especially Ethereum directly broke through the $700 mark; News on the evening of December 27th, the total market value of global cryptocurrencies once exceeded $750 billion, and Bitcoin once accounted for 70% of the market value; Messari researcher Ryan Watkins tweeted that institutions may buy ETH in 2021. The current continued popularity continues to rise, pushing Bitcoin to continue to rise strongly.

BTC – Bitcoin has continued its strong upward trend recently, and the market directly broke through the $25,000 mark and reached around $28,400. Currently, the market is trading sideways at a high level. There is a certain support below $26,000 in the short term and short-term resistance at $28,000 above. It is not advisable to blindly chase high Bitcoin in the near future. You can wait for the market to break through $28,000 again and enter the market. After the breakthrough, there is a high probability of going up to around $30,000. In addition, there is still strong support at $24,000 below the overall level. If the market drops sharply, you can go long (buy/up) here.

ETH – Ethereum market experienced a substantial increase yesterday. The market broke through the $660 resistance position and surged to $700. It is currently running above $720, showing a strong trend. It is recommended to pay attention to the large support position near $660. You can go long if the price steps back.

Tips: Quotes are time-sensitive, and please pay attention to take good risk control and make good use of “Take profit” and “Stop loss”.

The analysis of cryptocurrencies in real-time should be taken for informational purposes only, and in no case should it be taken as an investment signal.