Over the last day, the price of Bitcoin has risen by 6% and is close to the $28,000 mark. The dominance of Bitcoin in the market continues to grow and is now over 70% As a result, the market capitalization of Bitcoin currently exceeds half a trillion dollars.
But XRP continues to have problems – the price fell another 12% and dropped below $0.20.
Let’s see what to expect from Bitcoin ahead of the new year:
After falling to $26,000, the chart turned upward and already broke through the $28,000 mark and fixed above it on the 4-hour timeframe. The $26,000 level proved to be strong support that sellers were unable to push through.
MACD has finally formed a reversal structure and is now pointing up. The RSI has approached the overbought line and is likely to break through it in the near future. Stochastic has already done this and has a power reserve for growth.
All this indicates that soon the price may set a new ATH of Bitcoin as early as the next day. Therefore, it is necessary to closely monitor the market today.
Ethereum also has excellent prerequisites for further growth. An ascending triangle has formed on the chart and the asset has all the prerequisites for an upward breakout. When Ethereum dropped below $700, buyers started activating and pushed back the price.
All this indicates a possible rise in the asset in the coming days. If the $750 level is broken, the price may rise to the $800 – $810 range.