Santa Rally & Bitcoin/Ethereum's Recent Movements 🎅📈
As the Santa Rally approaches, Bitcoin and Ethereum showed signs of rebounding on the 25th, yet both struggled to surpass major resistance levels, leading to investor anxiety.
Bitcoin's Direction 🔍
Currently trading around $98K, Bitcoin has seen a 4.5% increase, with strong support in the $90K-$92K range. Key indicators like the MACD crossing and a golden cross suggest a potential bullish trend ahead.
Ethereum's Outlook 📊
Ethereum is forming an ascending triangle around the $3400-$3500 range. Despite recent fluctuations, it remains well supported near the 50-day moving average, indicating strong momentum for future growth in market share.
In conclusion, both Bitcoin and Ethereum are showing positive signs. While the anticipated "Santa Rally" hasn't delivered significant gains yet, the outlook for a bullish trend in the mid to long term seems promising.
More info🔍
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