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Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
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News

Bitcoin, XRP, Dogecoin Move Down, Ethereum The Best Of The Bunch: 'Expecting True Breakout Before Christmas,' Announces Trader

Author: Khyathi Dalal | December 12, 2024 04:25pm

Cryptocurrency markets are trading lower on Thursday as President-elect Donald Trump rang the bell at the New York Stock Exchange.

CryptocurrencyPrice    Gains +/-
Bitcoin (CRYPTO: BTC)$99,666.97-1.7%
Ethereum (CRYPTO: ETH)$3,882.77+1.8%
Solana (CRYPTO: SOL)$228.16-0.9%
XRP (CRYPTO: XRP)$2.36-3.2%
Dogecoin (CRYPTO: DOGE)$0.404-3.2%
Shiba Inu (CRYPTO: SHIB)$0.00002804-4%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume increasing by 5.3% and daily active addresses falling by 11.9%. Transactions greater than $100,000 remained relatively flat while exchanges netflows are up by 308.9%.
  • Coinglass data reports 100,126 traders were liquidated in the past 24 hours for $290.48 million.

Notable Developments:

Top Gainers:

CryptocurrencyPrice    Gains +/-
Aave (CRYPTO: AAVE) $359.71+23.9%
Lido DAO (CRYPTO: LDO) $2.27+20%
Chainlink (CRYPTO: LINK) $26.98+12.9%

Trader Notes: With Bitcoin prices breaking the $100,000 mark, crypto trader Jelle sees a potential drop back to $97,000 from here. He added that this could be for scaring traders and then a "real breakout."

Jelle is expecting a "true breakout before Christmas — 2025 is going to be a crazy ride."

Crypto trader Javon Marks sees Bitcoin trading well above the $67,559 level, indicating a bullish setup.

The next target is $116,652, representing a potential 15% move higher. A breakout above this level could pave the way for further gains, with more than $165,000 as the subsequent target.

Crypto trader Nic predicts an "explosive BTC price action" as the 20-day Bollinger band bandwidth is at its lowest level in months. He advises, "Keep an eye out for an upside breakout above the upper band."

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Image: Shutterstock

Posted In: $AAVE $BTC $DOGE $ETH $LDO $LINK $SHIB $SOL $XRP

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