BTC ve Ethereum Güncel Durumu: Düşüş Yeni Fırsatlar Sunuyor!
Bitcoin and Ethereum prices showed slight signs of recovery in the last week of December. Specifically, Ethereum is trading at the crucial level of $4,000. So, what can we expect for BTC and ETH prices in the short term? Here are the details…
Analysts Point to $4,000 for Ethereum Price
Ethereum found strong support at the $3,352 level. In this range, 3.34 million addresses hold a total of 3.18 million coins. According to the “In/Out of Money Around Price” analysis, this range constitutes a strong support zone. However, for Ethereum to test the $4,000 level, it must surpass the significant resistance at $3,508, where 3.90 million addresses accumulated a total of 1.62 million coins. Increasing buying pressure could enable Ethereum to break through this resistance.
The Coin Holding Time measures the tendency of investors to sell. In the past week, Ethereum’s holding time increased by 332%. This indicates that investors continue to hold their assets, showing reduced selling pressure.
Ethereum (ETH) has risen above the Ichimoku cloud, signaling a strengthening bullish trend with the potential for the price to reach $4,109. If buyers remain above $4,000, the price could potentially climb to $4,500. However, if sellers gain the upper hand, the price could drop to $3,111. A heavier selling pressure may pull the price below the $3,000 mark.
Bitcoin Price Drops Below $97,000: What Does This Mean for Investors?
Due to increasing selling pressure in recent weeks, Bitcoin has fallen to the $95,000 level. Currently, the price is finding support at $92,888 and $95,871. Historically, such declines tend to attract new buyers and present recovery opportunities.
The sharp drop in the Coinbase Premium Index reflects strong selling pressure in US-based exchanges. However, in previous cycles, intense selling pressure has attracted buyers looking to purchase Bitcoin at discounted prices. If this trend repeats, a new accumulation phase could begin, leading to a price recovery for Bitcoin.
The profit realization rates of Bitcoin holders support market expectations. On December 16, 250,000 Bitcoins were trading for profit. However, this number has now dropped to 58,100, indicating that investors prefer to hold rather than sell. If this trend continues, the likelihood of a price recovery will increase. Four-hour charts indicate that Bitcoin has found support at $92,888. Although the Awesome Oscillator indicator is negative, green histogram bars suggest potential for a recovery.
In the short term, Bitcoin’s price is expected to reach $104,299. In a stronger bullish scenario, the price could rise to $108,386. However, if the support level at $92,144 is broken, this forecast will lose its validity. Kriptomanset.com provides up-to-date Bitcoin price analyses that you can explore in this article.
